The Four Rivers lottery run by the National Forest Service distributes the opportunity to raft four sections of rivers in Idaho through a non-transferable lottery. The restriction of trade and focus on equity in distribution creates a deadweight loss in total surplus compared with a market or...

This paper examines how domestic and foreign tobacco regulations affect tobacco trade flows and consumer health in importing countries. We develop a gravity equation incorporating domestic and foreign tobacco regulations into a country’s tobacco import demand. We estimate the bilateral trade...

An extensive literature relating patients’ expectations to treatment outcomes has not addressed the determinants of these expectations. We argue that treatment history is part of a reference point that influences patients’ expectations of how effective further treatment might be, thus...

The rights to use publicly-managed natural resources are sometimes distributed by lottery, and typically these rights are nontransferable. Prohibition of post-lottery permit transfers discourages applicants from entering the lottery solely for profitable permit sale, so only those who personally...

This paper examines the causal relationship between economic growth and electricity generation from renewable sources (biomass, geothermal, hydroelectric, solar, waste, and wind) across 20 OECD countries over 1990 to 2008. The results from a commonly used panel error correction model find (a) a...

Renewable Portfolio Standard (RPS) programs have experienced increased popularity at the state level with twenty-three states adopting policies. Policy makers implement these programs in the hopes of stimulating renewable energy generation and lessening the states reliance on nonrenewable...

Renewable Portfolio Standard (RPS) programs have experienced increased popularity at the state level with twenty-three states adopting policies. Policy makers implement these programs in the hopes of stimulating renewable energy generation and lessening the state’s reliance on nonrenewable...