We propose a multivariate dynamic intensity peaks‐over‐threshold model to capture extremes in multivariate return processes. The random occurrence of extremes is modeled by a multivariate dynamic…

Economic development in sub-Saharan Africa has increased carbon emissions and will continue to do so. However, changes in emissions in the past few decades and their underlying drivers are not well…

Researchers and officials interested in people’s attitudes toward risk when designing public policies should make sure that their questions about risk are asked in the specific context of the policy…

Literature on the resource curse argues that resource windfalls, such as those resulting from a commodity price boom, crowd out several determinants of long-term fiscal income (Papyrakis and Gerlagh…

This paper examines the welfare angle of Pay As You Go (PAYG) type social security under differential mortality among different income groups. Empirical evidence suggests that agents who have low…

Effective sustainable natural resource management asks for an integrated approach to allow the involvement of actors in the management process. This paper intends to measure willingness to pay (WTP)…

China’s rapid urbanization and increasing energy use are accompanied by deteriorating environmental quality. Understanding the structure of energy use is necessary to address these environmental…

This paper investigates the role of tenure security in defining resettlement packages for oil refinery displaced communities of the Kabaale parish. The parish is located in the Buseruka sub-county...

We present the results of a series of economic laboratory experiments designed to study the compliance behavior of polluting firms when penalties are stochastic. The experiments consist of a…

Different energy sources have different spillovers on economic development and industrialization. Pathways of economic development based on renewable energy sources might require additional policies…