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- Why the Energy Crisis Won't Solve Itself
- Will Wilkinson is optimistic about energy. Don't worry about peak oil, he says: as oil prices rise, alternative energy sources will become more attractive, and eventually innovation and competition in the alternative-energy space will drive alternative-energy prices down below the "historical trend" of oil prices. That's how we get...
- Articles 2008-08-05
- The economics of carrots and sticks.
- Byline: Martin A Sullivan Jan 15, 2007 (Tax Notes International - ABIX via COMTEX) -- Arthur Pigou, who was a professor of political economy at Cambridge University from 1908 to 1943, is held in high regard in tax circles. His view that the...
- Research articles 2007-01-15
- Environmental economics: a market failure approach to the commerce clause.
- Congressional authority to enact environmental legislation has been called into question by recent Supreme Court cases suggesting that Commerce Clause regulation is valid only if Congress is regulating economic activity. This Note proposes a market failure approach to guide the new economic inquiry. Under this approach, statutes that correct market...
- Research articles 2006-11-01
- Horizontal political externalities: the supply and demand of disaster management.
- ABSTRACT This Article discusses the dynamics of shared political accountability and provides a supply- and demand-side analysis of disaster management. Because multiple levels of government share political accountability in national scale disasters, disaster management is subject to a collective action problem. Introducing the...
- Research articles 2006-10-01
- 4 Policies in practice.(Clean Air Act)
- In 1989, Robert Hahn published the influential article, "Economic Prescriptions for Environmental Problems: How the Patient Followed the Doctor's Orders," which examined early experiences, in the U.S. and elsewhere, with both cap-and-trade and environmental taxes. (1) In the years since, market-based policies have flourished. They...
- Research articles 2005-10-01
- Commons ignorance: the failure of environmental law to produce needed information on health and the environment.
- ABSTRACT One of the most significant problems facing environmental law is the dearth of scientific information available to assess the impact of industrial activities on public health and the environment. After documenting the significant gaps in existing information, this Article argues that existing...
- Research articles 2004-04-01
- Multifunctionality, Agricultural Policy, and Environmental Policy
- In addition to supplying food and fiber, agriculture is a source of public goods and externalities. This article addresses two questions. First, do price and income support policies promote a multifunctional agriculture in an effective manner? Second, would policies targeted more directly at multifunctional attributes be more efficient than price...
- Research articles 2004-04-01
- Impacts of long-range increases in the fuel economy standard
- I. INTRODUCTION AND BACKGROUND In 1975 the U.S. government enacted legislation regulating the fuel efficiency of new motor vehicles. The apparent objective of this law is to reduce American dependence on foreign oil. After large increases in the price of petroleum in the late 1990s, and with continued conflict...
- Research articles 2004-04-01
- The slow road from rhetoric to reform: an analysis of road pricing policy in Australia
- This paper examines existing taxes, charges and related incentives that encourage either environmental protection or degradation in the road transport sector. Recent road transport policy initiatives are also analysed to determine their likely impact on overall car use and passenger car emissions. The paper concludes that economic theory has not...
- Research articles 2004-03-01
- Nontrade concerns: reconciling domestic policy objectives with freer trade in agricultural products
- Since the conclusion of the Uruguay Round of trade negotiations in 1994, there has been increasing debate about the implications of freer trade for domestic or "nontrade" objectives in agriculture. These range from traditional concerns, such as food security and rural development, to more recent issues such as the relationship...
- Research articles 2003-08-01
- Network externalities in the market for electronic check payments
- Network externalities exist when the value of a good or service to a potential consumer increases with the number of other consumers using the same product. For example, my e-mail becomes more valuable to me the more people have access to e-mail. Similarly, if a payment technology involves a direct...
- Research articles 2003-01-01
- Political Allocation of Property Rights: An Application to State Land Use Regulation, The
- In private markets with secure property rights, resources are continually reallocated through the process of market exchange. Land use, for example, constantly changes. Cropland is converted into residential subdivisions, wetlands are converted into retail establishment, and land once used for apartment dwellings may be converted into an office complex. The...
- Research articles 2002-10-01
- Market failures and the rationale for national parks.
- Abstract: America's national park system is widely admired, but the economic rationale for national parks is not compelling. The author discusses how market failures of various kinds can, in principle, be used to justify national parks. The best rationale for national parks is based on existence...
- Research articles 2002-09-22
- Where credit is due: allocating credit to advance environmental goals
- Credit allocation is a potentially useful instrument for environmental policy. The authors propose the establishment of a U.S. Environmental Finance Authority, modeled on existing institutions that support home mortgage lending. They also call for a fundamental redirection of international financial institution lending so as to support environmentally beneficial projects and...
- Research articles 2002-05-01
- Closing the Pandora's box of federalism: The case for judicial restriction of federal subsidies to state governments
- INTRODUCTION Over the last decade, the Supreme Court's newfound willingness to enforce limits on congressional power has stimulated a resurgence of interest in federalism throughout the legal community. The Supreme Court's jurisprudence on the limits of congressional Commerce Clause authority1 and the states' Tenth Amendment-based rights against "commandeering" of their...
- Research articles 2002-01-01
- Revitalizing environmental federalism.
- Scholars advocating decentralization of environmental policymaking and enforcement authority should consider a multitier approach that combines the advantages of both centralization and decentralization. The nature of environmental concerns and their capacity to affect third parties suggests that local regulation may not suffice. State and local governments will rarely have the...
- Research articles 1996-12-01
- Limits to market empowerment for housing in developing countries: the case of land
- This paper illustrates again the familiar deficiency with the great problem of finding sites for housing in developing countries. No problem in urbanization has seemed more intractable, although land is seldom physically scarce around cities. Building roads, subdividing farms, and equipping land with infrastructure can usually be done at a...
- Research articles 1996-03-01
- "A government of limited and enumerated powers": in defense of United States v. Lopez.(Reflections on United States v. Lopez)
- Federalism may be the most important principle enumerated in the Constitution, and the US Supreme Court should be encouraged to assert limits on congressional powers, as it has done in United States v. Lopez. The Lopez decision is revolutionary because the Court asserted its authority to limit commerce power for...
- Research articles 1995-12-01
- The increasing-returns-to-scale/sticky-price approach to monetary analysis.
- A new approach to the analysis of the effects of monetary policy on economic activity is developing. Its pioneers are Benhabib and Farmer (1992) and Beaudry and Devereux (1993, 1995). The combined assumptions of increasing returns to scale IRS in production and sticky prices identify this...
- Research articles 1995-09-22
- Environmental problems of Pacific Rim development
- Hall: This panel will focus on the environmental, natural resource, and ecosystem issues that are arising as the Asian countries of the Pacific Rim develop, some at extraordinary rates of economic growth, There are a number of unique challenges, and each speaker will touch on them in different ways. The...
- Research articles 1994-10-01
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