A cointegration/codependence analysis of monthly production and price indices in EU member states during the 1983-1994 period yields evidence that responses to cyclical innovations become coordinated after three months, and that each of the contries studied exhibit a business cycle in one of...

This paper presents results of an empirical study of emission banking for light-duty vehicle manufacturers. An intertemporal model of manufacturers' choices is combined with econometrically estimated abatement cost functions to simulate the cost savings and emission effects of an averaging,...

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

Proposed regulations aimed at promoting fiscal discipline among states participating in the Economic and Monetary Union (EMU) employ dept-to-GDP and deficit-to-GDP ratios as criteria for fiscal performance. Countries participating in EMU are expected to maintain these criteria or be subject to...

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...