Economics has evolved from theoretical explanations by Classical economics to mathematical illustrations provided by Neo-Classical Economics and many others beyond. Each of these evolutions has resulted from economic crises, most commonly remembered one being the birth of Keynesian Economics arising ...

Derivatives have found their use in carbon markets. For instance, consider the Regional Greenhouse Gas Initiative (RGGI), a market-based program in the United States designed to institute a cap on the carbon dioxide emissions from the energy sector. ...