High volume hydraulic fracturing (HVHF, or fracking), the fracturing of underground shale gas deposits to capture natural gas, is a controversial practice, but one that is thriving in many areas of the United States. Thirty home-rule states (and 9 others with “limited” status) in the U.S....

The Adirondacks are one of our nation's most interesting experiments in conservation. Comprised of approximately 6.1 million acres, the Adirondacks are located in Northern New York in an area that is made up of great forest tracts with thousands of miles of lakefront, rivers, streams, brooks,...

Using a model of monopolistic competition with two countries, where we allow for technological asymmetries, we examine the relationship between intra-industry trade and environmental regulation. The decisions on emission standards set by each country show strong strategic interactions. We show...

The common-property problem results in excessive mining, hunting, and extraction of oil and water. The same phenomenon is also responsible for excessive investment in Ramp;D and excessive outlays in rent-seeking contests. We propose a Partnership Solution to eliminate or at least mitigate these...