networks can provide new insights for both theory and practice, and identifying several avenues for future research. The paper …

can establish the overall pollution-reduction goal for a cap-and-trade system by setting the cap, and leave it up to the … theory and in practice. A number of factors can call the independence property into question theoretically, including market …

the first decade. The boom has been accompanied by concerns about negative externalities, including impacts to air, water … impacts and positive externalities, providing back-of-the-envelope estimates of their magnitude. The paper also summarizes the … current science and economics literatures on negative externalities. We conclude that the likely scope of economic benefits is …