This paper revisits the logic of pursuing parallel R&D paths when there is uncertainty as to which approaches will succeed technically…
Policy analyses frequently clash. Their disagreements stem from many sources, including models, empirical estimates, and values such as who…
This note demonstrates epsilon equilibria in the first-price auction that achieve lower worst-case expected revenues than the lower bound…
Are you a cat person or a dog person? Red Sox fan or Yankees fan? Do you like rap music, or hate it?
Sometimes you just have to decide…
Despite bipartisan interest in advancing American energy policy, comprehensive energy and climate legislation fell short in the Senate last…
"Cut!" "Keep!" "Abolish!" "Preserve!" Such is what passes for political discourse these days. The noise and nastiness building toward the…
Please note this paper has been archived. Please see RWP12-055 for the latest revised version.
Original abstract: In a world of imperfect…
We show that the effects of taxes on labor supply are shaped by interactions between adjustment costs for workers and hours constraints set…
With a focus on two sorts of regulation—renewable electricity and clean energy standards, and automobile fuel-economy standards—we analyze…
Although US health care expenditures reached 17.6 percent of GDP in 2009, quality measurement in this important service sector remains…