This volume of Research in the History of Economic Thought and Methodology offers a unique insight into early American economic theory. The notes reproduced in this volume were taken by a student, Maurice Beck Hexter, in Economics 11-12, "Economic Theory," given by Frank William Taussig at...

Theory suggests that economic instruments, such as pollution taxes or tradable permits, can provide more efficient technology adoption incentives than conventional regulatory standards. We explore this issue for an important industry undergoing dramatic decreases in allowed pollution - the U.S....

We econometrically estimate the effect of transaction costs on the cost-effectiveness of the tradable permit market created during the US lead phasedown. We develop a methodology to identify transaction costs in the absence of price data. We find that refineries generally trade efficiently. We...