The literature on the use of environmental taxes inthe presence of distortionary (labor) taxes warns thata partial-equilibrium Pigouvian tax analysis is notappropriate because increasing the price of dirtygoods can futher aggravate the prexisting distortions. This argument is most frequently...

The author shows by example that corporate lobbying on public policy issues is not always in the best interests of shareholdersâor customers or employees. Best practice by leading companies provides oversight of lobbying by the board of directors, but far too few companies now employ such...

This paper introduces a new measure, based on a study by Trucost and Dr Robert Repetto, combining external environmental costs with established measures of economic value added, and demonstrates how this measure can be incorporated into financial analysis. We propose that external environmental...

The risks of extreme weather events are typically being estimated, by federal agencies and others, with historical frequency data assumed to reflect future probabilities. These estimates may not yet have adequately factored in the effects of past and future climate change, despite strong...

The Atlantic sea scallop fishery in the USA and the offshore scallop fishery in the Canadian Maritimes offer a naturally occurring experiment in fisheries management. Canada has adopted a transferable output quota system and the USA has used a mix of size, effort and area controls. This paper...