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UK emissions are currently well below agreed carbon budget levels.
Would they be made at realistic budget levels?
Our results suggest that the effort-risk tradeoff is mitigated at low budget levels, thereby increasing firm welfare, but is exacerbated at high budget levels, reducing firm welfare.
We illustrate an inverted-U relation between budget levels and effort.
We illustrate an opposing, U-shaped, relation between budget levels and risk-taking.
Different maintenance strategies are applied given different budget levels, traffic loadings, and initial pavement conditions.
Some Republicans have proposed funding the government at 2008 budget levels.
Budget levels and effort are positively correlated until budgets become very difficult, at which point individuals "give up".
We investigate how the budget levels embedded in budget-based contracts affect individual effort and risk-taking.
Many of the best directors who work in Hollywood may, however, find themselves working at lower budget levels than before.
On the website of the Department for Energy and Climate Change you can see the budget levels for each sector.
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