This paper identifies and evaluates, from an economic point of view, the role of the judiciary the steady shift of environmental regulatory authority to higher, more centralized levels of government in both the U.S. and Europe. We supply both a positive analysis of how the decisions made by...

This paper develops a simple economic framework that is used to explain and critique the recent trend favoring site-specific contractual commitments in environmental regulation. Such contracts typically involve an exchange under which the regulator relaxes ostensibly inflexible uniform...

Extralegal norms governing the use of common property resources break down when old users groups are confronted by new uses and users groups. In adjudicating such conflicts between old and new users, common law judges have rarely opted for the simple Coasean solution of simply awarding the right...

This paper provides an extended introduction to the game theoretic analysis of cheap talk -- actions which do not have a direct cost, but which affect equilibria only indirectly, via the information about sender type which they convey. After introducing these games, the article takes a...

This article describes the evolution and key features of the centralized environmental regulatory systems that emerged in the United States and Europe during the latter half of the twentieth century. It applies insights from the positive economic analysis of regulatory centralization in an...

Over the past 30 years, experimental economics has grown as a specialization and is now viewed as an appropriate methodology with which to study economics questions. This methodology has been applied to law and economics as well. This article reviews three streams of research in experimental law...