Political manipulation in India's electricity sector, involving illicit subsidies to constituents of the ruling party, results in staggering efficiency losses.
Should we intentionally expose certain areas to higher risks to protect broader regions from disasters? Evidence from China suggests that although areas specifically designated to bear higher flood risk experience economic losses, the overall economi...
Evidence from a large-scale trial in Bangladesh shows that improving credit access in rural areas helped farmers adapt to flood risks without negative spillovers, and was profitable for microfinance institutions.
How should policymakers design environmental markets when they might attract participants who were planning to conserve the environment regardless of the market?
Governments often seek to protect domestic consumers following climate shocks to agricultural production, but these policies may exacerbate global losses.
