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Tradable Permits: Fly in the Ointment?

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A President with a Purpose.

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Good Programs vs. Bad Apples.

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Too Good to Be True? An Examination of Three Economic Assessments of California Climate Change Policy.

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California’s Global Warming Solutions Act of 2006 limits California’s greenhouse gas (GHG) emissions in 2020 to their 1990 level. In 2006…

As America Falters, Policymakers Must Look Ahead.

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Regulation by Generalization.

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History Holds Lessons for China and its Partners.

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A lie involves three elements: deceptive intent, an inaccurate message, and a harmful effect. When only one or two of these elements is…

Investing in the Unknown and the Unknowable.

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From David Ricardo making a fortune buying British government bonds on the eve of the Battle of Waterloo to Warren Buffett selling…

Pharmaceutical Innovation.

/publications/pharmaceutical-innovation

This article, written for the forthcoming Handbook of the Economics of Technical Change, surveys the costs, risks, and challenges…