All too often government lacks the skill, the will, and the wallet to meet its missions. Schools fall short of the mark while roads and…
The problem of the commons is more important to our lives and thus more central to economics than a century ago when Katharine Coman led…
The introduction of the U.S. SO2 allowance-trading program to address the threat of acid rain as part of the Clean Air Act Amendments of…
Recently, the Centers for Medicaid and Medicare Services announced a scheduled cut in Medicare physician fees of 27.4% for 2012. This cut…
We examine the value of terroir, which refers to the special characteristics of a place that impart unique qualities to the wine produced…
A century ago, in 1911, the U.S. Supreme Court issued its path-breaking decision in the monopolization case against the Standard Oil…
Policy analyses frequently clash. Their disagreements stem from many sources, including models, empirical estimates, and values such as who…
Early on the morning of April 21, 2010, a BP official called to alert me that a Gulf of Mexico rig under contract to BP suffered a major…
In Abadie and Imbens (2006), it was shown that simple nearest-neighbor matching estimators include a conditional bias term that converges…
In Abadie and Imbens (2006), it was shown that simple nearest-neighbor matching estimators include a conditional bias term that converges…