This is a companion piece to an article that carefully analyzes tuition tax credit scholarship programs now popular around the country. This article offers a model statute for states considering or improving such programs that addresses concerns raised in my previous article. The companion...

The paper, by providing example of an efficient liability assignment rule under which liabilities of interacting parties for accidental losses is not always coupled, demonstrates that decoupling is not entirely inconsistent with efficient assignment of liabilities

Previous research on optimal R&D subsidies has focussed on the long run. This paper characterizes the optimal time path of R&D subsidization in a semi-endogenous growth model, by exploiting a recently developed numerical method. Starting from the steady state under current R&D subsidization in...

The shift from centralized to decentralized energy provision has created an opportunity for a wide range of distributed energy resources. In deciding how to best serve their long-term energy needs, end consumers face a plethora of investment options together with complex regulatory instruments...