This paper explores the obstacles to implementing climate change policies, emphasizing the interplay of economic, social, and political factors. Important barriers are the non-enforceability of international agreements and politicians motivated by a short-run goal of retaining office. A stable national legal framework is required that integrates clear principles, enforceable regulations, proactive judicial oversight, and inclusive...

This paper tests experimentally how preferences for redistribution of members of the general public depend on how money is earned. An experiment was designed to form of “micro-participatory-democracy”where redistribution from winners to losers is decided through a sequential strategy-proof majority voting procedure. Based on five distributive justice theories, we elicit people’s preferences for redistribution when...

Developed countries have addressed the challenge of improving low‐income households' housing conditions through housing allowances and social housing. In this paper, we assess the effectiveness of these policies—individually and in combination—by comparing them to a counterfactual scenario without housing support. We examine 27 European countries using harmonized data from the EU‐SILC dataset. We find that...

Trading Place s features two bosses of a commodity brokerage firm who make a bet on the relative importance of personal qualities and family background in individual success. The outcome of the bet depends on the result of an experiment the two bosses engage in within their own company. They bet on the success of...

John Landis’ Trading Places, a film from 1983, was a great commercial success. It features two bosses of a commodity brokerage firm who make a bet on the relative importance of personal qualities and family background in individual success. The outcome of the bet depends on the result of an experiment the two bosses engage...

We explore the efficiency properties of land taxes, and compare them with more traditional taxes. Starting from a Ramsey-Cass and Judd (1985) dynamic setup, we add population growth, perpetual youth and stochastic death, a dynastic representative agents, a class of rentiers detaining undeveloped land, and capitalists purchasing land and developing it. A first- best modified...

«Chacun peut être amené au cours de sa vie à s’ intéresser à l’histoire pour saisir les enjeux d’un affrontement entre groupes sociaux ou mieux appréhender comment les doctrines naissent et disparaissent. L’économie, de son côté, est devenue omniprésente. On écoute aujourd’hui les économistes comme les Grecs et les Romains écoutaient les oracles. L’histoire et...

Aristondo, O., D’Ambrosio, C., & Lasso de la Vega, C.(2023) Decomposing the changes in poverty: Poverty line and distributional effects. Bulletin of Economic Research, 75, 1048–1063. Baark, J, E. Fourrier-Nicolas, D. Grstein & A. Trannoy (2025) Poverty levels and trends: France and Germany compared with a nested decomposition of the FGTs. Mimeo. Bresson, F.(2008). The...

This paper provides a macroeconomic explanation for the United States suffering from a health disadvantage relative to other rich European countries despite spending much more on health care. We introduce health capital à la Grossman in the neoclassical growth model and assume that its rate of depreciation increases with labor supply. The steady-state share of...