In this article, we explore the implications of this literature for understanding the relationship between climate change policies and consumption. We identify a number of ways in which accounting for the implications of the new happiness literature could lead to laws and policies that influence...

Over the past several years, labeling schemes that focus on a wide range of environmental and social metrics have proliferated. Although little empirical evidence has been generated with respect to carbon footprint labels, much can be learned from our experience with similar product labels. We...

We derive conditions under which cost-increasing measures -- consistent with either regulatory constraints or fully expropriated taxes -- can increase the profits of all agents active within a common-pool resource. This somewhat counterintuitive result is possible regardless of whether price is...