The Clean Air Act Amendments of 1990 aim to create a market in emissions of sulfur dioxide from power plants by distributing a fixed number of tradable pollution permits called “allowances,” and by providing for the auction of a small fraction of the total number of allowances. This article...

Compared with other societies, the United States makes unusually extensive use of adversary institutions for resolving public conflicts-that is, institutions where the job of advocates is to present for a third party the strongest possible case for their own point of view and where...