Climate change is one of the most pressing problems facing the global community. Although most states agree that climate change is…
The last ten years have seen the growth of linkages between many of the world’s cap-and-trade systems for greenhouse gases (GHGs), both…
Economic theory teaches us that it is in every country's own best interest to engage in trade. Trade therefore is a voluntary activity…
Financial Crises: Causes, Consequences, and Policy Responses provides a comprehensive overview of research into financial crises and policy…
America’s dysfunctional budget process has been mired in federal shutdowns and debt ceiling brinksmanship for the past several years. No…
The U.S. Food and Drug Administration (FDA) balances risks and benefits before
approving pharmaceuticals, as rationality would require. But…
The audit policy of a tax authority can signal its audit effectiveness. We model this process and show that in limited circumstances an…
After Iraq and Afghanistan, the US appetite for foreign interventions is about as low as it’s ever been. Many Americans are frustrated that…
The need to understand the theories and applications of economic and finance risk has been clear to everyone since the financial crisis,…