In their recent paper, Efficient Pollution Regulation: Getting the Prices Right (henceforth, EPR), Muller and Mendelsohn describe a broader, more appealing concept of efficiency that incorporates information on damages caused by emissions from specific sources: “The science and economics...

We use the classical model, a method for structured expert judgment (SEJ), to study the effects of breastfeeding on IQ. Data on the link between breastfeeding and IQ are available, e.g., the US National Longitudinal Study of Youth, however, questions about data quality and confounding mean...

We focus on the effect of state versus private ownership on the rates of firm-specific productivity growth and cost decline by developing a model of endogenous, firm-specific productivity growth and testing its implications against panel data on 23 international airlines of varying levels of...