There are many reasons to suspect that benefit-cost analysis applied to environmental policies will result in policy decisions that will reject those environmental policies. The important question, of course, is whether those rejections are based on proper science. The present paper explores...

An appropriately conceived and well-designed border climate adjustment scheme, as a policy mechanism potentially utilizable by many States party to the United Nations Framework Convention on Climate Change, may lead to desirable consequences for the development of comprehensive global greenhouse...

Virtually every jurisdiction in the United States outlaws prostitution or the sex-for-money exchange. Assuming that women decide to become prostitutes because that is their best-available employment option, why is that decision punished and what are the implications of outlawing prostitution?...

This article considers how electricity utility regulators should treat infrastructure investments related to electric vehicles. It begins by analyzing investments using traditional utility regulatory policy norms. Next, the article analyzes whether utility regulators should broaden their...

This paper examines the evolving effects of England's Old Poor Law (1601-1834). It establishes that poor relief reduced social unrest from around the late-17th century through the turn of the 19th century, at which point it began to spur population growth and its social stability effects...

There is a deepening crisis in the funding of legal services in the United States. The House of Representatives has proposed cutting the budget of the Legal Services Corporation (LSC), one of the main funders of legal assistance to America’s poor, to an all time low in inflation-adjusted...

We study the implementability of stable correspondences in marriage markets with externalities. We prove that, contrary to what happens in markets without externalities, no stable revelation mechanism makes a dominant strategy for the agents on one side of the market to reveal their preferences....

A large literature in strategy and management has focused on why firms self-regulate and "signal green." We show this decision becomes more complex when regulators have enforcement discretion, and both firms and regulators act strategically. We model the managerial decision whether to signal the...

By analyzing Germany's voluntary Dual Management System for Packaging Waste Collection and Recycling (DSD), the paper highlights two aspects crucial for assessing voluntary environmental agreements from an antitrust viewpoint. First, specific features of DSD's governance structure are argued to...