Drug pricing in the U.S. is a persistently vexing policy problem. While there is agreement among many policy analysts that supra…
We investigate equilibrium bidding in first-price auctions with asymmetric reserve prices. For example, the auctioneer may set a low…
A reform of the Western Energy Imbalance Market should target the right problem. Import leakage is a problem; resource shuffling is a…
Energy-efficient technologies offer considerable promise for reducing the financial costs and environmental damages associated with energy…
To understand the tax bill now coming out of Congress, apply some good old grammar school skills of arithmetic and history. The arithmetic…
While the agenda of “beyond GDP” encompasses measurements that lie outside boundaries of the System of National Accounts, key aspects of…
The behavioral responses to taxes and subsidies are often subject to various behavioral biases and transaction costs—what we define as “…
The volume explores the philosophical conflict between German Ordoliberalism and Anglo-Saxon or American pragmatism. This chapter asks…
This paper estimates the effect of Chapter 13 bankruptcy protection on financial health using a new data set linking bankruptcy filings to…
This article reviews the design of environmental
markets for pollution control over the past 30 years,
and identifies key market-design…