We examine an implication of the “Coase Theorem” which has had an important impact both on environmental economics and on public policy in…
There is a low but uncertain probability that climate change could trigger “mega-catastrophes,”
severe and at least partly irreversible…
This paper, written for a conference at the Fordham University Law School, examines
various facets of the “too big to fail” debate. It…
Book abstract: Economists examine the genesis of technological change and the ways we commercialize and diffuse it. The economics of…
This fiscal crisis could ignite the next global financial meltdown.
In this paper, we consider an unregulated incumbent who owns a broadband infrastructure and decides on how much access to provide to a…
The baby boom generation's entry into old age has led to an unprecedented increase in the elderly population. The social and economic…
Book Abstract: Ten papers, originally presented at a conference held in Carefree, Arizona, in May 2005, examine emerging issues in the…
Book Abstract: Ten papers, originally presented at a conference held in Carefree, Arizona, in May 2005, examine emerging issues in the…
Book abstract: At a time of immensely consequential choices, it has never been more important to make the right decisions. But how can we…