Research on the location of hazardous facilities that contribute to environmental degradation indicates an unequal distribution of such sites within low socioeconomic status communities. In this paper, we contribute to research investigating whether there are similar patterns of unequal...

Preexisting distortions in factor markets complicate the estimation of the social welfare effects of regulatory interventions. The existence of these tax interaction effects (TIEs) suggests that general equilibrium (GE) approaches should be used to evaluate regulatory policies. However, formal...

An under-appreciated advantage of tradable permits regulation is its ability to create better decision-making when emissions are stochastic. In general, the distribution of stochastic actual emissions around intended emissions results in over- or under-compliance. Permit tradability reduces the...

Economic models of enforcing environmental law have incorporated varying assumptions about regulatory objectives. This paper examines the consequences of different attitudes toward the benefits and costs of pollution control on the part of regulators who have limited powers and resources. We...