Antitrust enforcement makes it difficult to test theories of cartel formation because most attempts to form cartels are blocked. However, federal laws allow U.S. produce growers to operate marketing cartels through devices called marketing orders. These cartels use quantity controls and quality...

Antitrust enforcement makes it difficult to test theories of cartel formation because most attempts to form cartels are blocked. However, federal laws allow U.S. produce growers to operate marketing cartels through devices called marketing orders. These cartels use quantity controls and quality...

Antitrust enforcement makes it difficult to test theories of cartel formation because most attempts to form cartels are blocked. However, federal laws allow U.S. produce growers to operate marketing cartels through devices called marketing orders. These cartels use quantity controls and quality...

We examine conditions under which group consumption is likely to involve informal and tacit reciprocity agreements rather than formal contracts and the price system. Our model shows that informal reciprocity agreements are more likely to be used when transaction costs of formal agreements are...

Land use policies favoring compact development have been invoked as a way slow potential climate change. While the linkages between density and greenhouse gas emissions may seem obvious, available data indicate that the connections are weak, bordering on non-existent. Thus, it is clear that...

A recent LNG terminal building boom has, in turn, produced a natural gas pipeline building boom. Some property owners have expressed concern that a pipeline would reduce the values of nearby properties. This study uses the hedonic housing price approach to estimate the impacts of pipeline. The...

Policy initiatives to regulate greenhouse gas emissions are fast becoming a dominant feature of regional public policy. The initiatives commonly involve setting goals to reduce emissions below a baseline or business-as-usual level. The Western Climate Initiative is one such program, and has been...

Minimum wage increases can be politically challenging to implement. Consequently, many states have introduced minimum wage indexing. With indexing, the minimum wage increases automatically each year based on some measure of inflation. The goal of this research is to evaluate quantitatively the...

Digital advertising is the economic backbone of much of the Internet. But complaints have recently emerged from a number of quarters alleging the digital advertising market is monopolized by its largest participant: Google. Most significantly, a lawsuit first filed by the State of Texas and 17...