An unbounded Section 5 case will never be sustained by a reviewing court. Robert H. Lande & Jonathan L. Rubin

This paper integrates two themes in the intertemporal permitliterature through the construction of an intertemporal bankingsystem for a pollutant that creates both stock and flow damages. A permit banking system for the special case of a pollutant thatonly causes stock damages is also developed....

The Ninth Circuit’s majority opinion in <i>Pacific Bell Telephone Co. v. linkLine Communications, Inc.</i> is a thoughtful and not at all unreasonable approach to the application of the antitrust laws to telecommunications.

Corporate average fuel economy (CAFE) regulations specify minimum standards for fuel efficiency that vehicle manufacturers must meet independently. We design a system of tradeable fuel economy credits that allows trading across vehicle classes and manufacturers with and without considering...

Current studies on eco-labeling have been limited because they either examine the relationship between individual characteristics and eco-behavior or between label characteristics and eco-behavior. We extend this literature by designing and testing a model that explicitly links how the...