Driven by economic growth in East Asia, world air traffic has increased at a very rapid pace in the last decades. As more and more people join the middle class in emerging countries, the market for domestic flights is expanding rapidly, which, in turn, boosts demand for commercial flights in different parts of the world. … Continue reading The growth of world air traffic and its impact on climate change
In recent years, digital technologies have profoundly changed many aspects of our daily lives, from e-commerce to internet search, travel, communication or entertainment consumption. While for the most part these changes have benefited consumers, certain voices have started to speak up against the power and influence of the Big Tech companies - Google, Amazon, Facebook, … Continue reading Should we break-up Big Tech?
In 2008, the French government introduced a policy taxing cars with high carbon emissions and rebating low carbon emission cars, better known as a feebate policy or bonus-malus écologique. This type of policy is appealing for two reasons: first, because it provides incentives to purchase less polluting cars, and secondly, because it can be designed … Continue reading The winners and losers of the French 2008 feebate policy
The recipient of the 2018 Jean-Jacques Laffont prize, Daron Acemoglu, is the Elizabeth and James Killian Professor of Economics at the Massachusetts Institute of Technology. The Turkish-American economist has been extensively published for his research on political economy, development, and labour economics, and has won multiple awards for his two books, Economic Origins of Dictatorship … Continue reading An interview with Daron Acemoglu on artificial intelligence, institutions, and the future of work
In today's world, we receive a crazy amount of information in an instant, via Facebook, Twitter, or any other social media we decide to follow. This situation looks good at first glance as most of the simple economics models assume perfect information and hence, more information should be a good news; the catch is one … Continue reading Fake news: Can there be too much information?