In this paper we provide a model of Research Joint Venture (RJV), and study the incentives of competing firms to cooperate in product…
This essay provides an overview of the major emissions trading programs of the past thirty years on which significant documentation exists…
What is the socially optimal level of liquidity in a retirement savings system?
Liquid retirement savings are desirable because liquidity…
Risk Regulation Lesson from Mad Cows analyses and compares the policy responses in the U.K. and U.S. to the mad cow disease crisis. The…
The mad cow disease crisis in the United Kingdom (U.K.) was a major policy disaster. The government and public health officials failed to…
By analyzing the institutions that have been created to stimulate energy technology innovation in the United States, the United Kingdom,…
This paper compares how the United States and the European Community dealt with competition policy challenges by two firms operating at the…
This paper introduces a family of multi-period poverty measures
derived from commonly used static poverty measures. Our measures
trade-off…