Gasoline taxes can be employed to correct externalities associated with automobile use, to reduce dependency on foreign oil, and to raise…
It's been easy to dismiss the Occupy Wall Street-and-beyond protesters. To many, they seem disorganized, lack a clear agenda, and advance…
Climate change is more uncertain, more
global, and more long-term than most issues facing humanity. This
trifecta makes a policy…
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The BP Deepwater Horizon oil spill highlighted the glaring weaknesses in the current liability and regulatory regime for oil spills and for…
Catastrophic risks differ in terms of their natural or human origins, their possible amplification by human behaviors, and the…
Economic activity can damage natural systems and reduce the flow of ecosystem services. The harms can be substantial, as our case studies…
We measure how receiving information about coworkers’ savings behavior affects recipients’ savings choices. Low-saving employees were sent…
We study the predictive power of approximately 2.5 million stock picks submitted by individual users to the “CAPS” website run by the…
Movements in asset prices are a major risk confronting individuals. This paper establishes new asset pricing results when agents differ in…
Dear Director,
Congratulations! You and your team have been entrusted with the task of shaping and enforcing regulations for the consumer…