Uncertainty and decision in climate change economics

Uncertainty is intrinsic to climate change: we know that the climate is changing, but not precisely how fast or in what ways. Nor do we understand fully the social and economic consequences of these changes, or the options that will be available for reducing climate change. Furthermore, the uncertainty about these issues is not readily […]




Political competition, learning and the consequences of heterogeneous beliefs for long-run public projects

Abstract of Working Paper 122 An incumbent political party, who cares only about voters’ welfare, faces future political competition from a similarly well-intentioned party whose beliefs about the consequences of a `long-run’ public policy are different from its own. We show that when the incumbent can endogenously influence whether learning occurs (active learning), future political […]




Farmer participation in the Equitable Payments for Watershed Services in Morogoro, Tanzania

Abstract of Working Paper 123 This article contributes to the limited empirical evidence on the determinants of landowners’ participation decision in land use-modifying (active agricultural land) Payments for Ecosystem Services (PES) programmes in developing countries. It examines how resource manager characteristics, the features of a PES program, and the institutional context of its implementation determine […]


An investigation of the evidence of benefits from climate compatible development

Abstract of Working Paper 124 Climate change is likely to have profound effects on developing countries both through the climate impacts experienced, but also through the policies, programmes and projects adopted to address climate change. Climate change mitigation (actions taken to reduce the extent of climate change), adaptation (actions taken to ameliorate the impacts), and […]