Publications




The Ethiopian Commodity Exchange and spatial price dispersion

Working paper by Camilla Andersson, Andrea Mannberg on 11 Sep 2015

This working paper looks at the impact of an institutional intervention on market efficiency in Ethiopia. More specifically it examines whether regional warehouses that are connected to a national commodity exchange reduce transaction costs and price dispersion between regions. read more »




Should climate policy account for ambiguity?

Working paper by Antony Millner, Geoffrey Heal on 25 Aug 2015

Climate change is fundamentally an `out-of-sample’ problem – our available information does not tightly constrain predictions of the consequences of rapid increases in greenhouse gas concentrations. Moreover, the fact that … read more »



Carbon dating: When is it beneficial to link ETSs?

Working paper by Baran Doda, Luca Taschini on 1 Aug 2015

This paper proposes a simple framework to evaluate the economic advantage of regulating carbon emissions by linking the emissions trading systems (ETSs) of two jurisdictions versus operating them under autarky. … read more »


Can resilience framing enable adaptation to a changing climate? Insights from the UK water sector

Working paper by Paola Sakai on 1 Aug 2015

Paola Sakai and Suraje Dessai The concept of resilience has been increasingly gaining relevance in the climate change policy arena as a compelling discourse for adaptation to climate change. The UK provides an important case study as the water sector has faced top-down steering from the government and regulators to ensure resilience. This paper investigates […]