The Chinese government has repeatedly embraced a goal of developing and deploying electric vehicles (EVs) as it attempts to transition its…
Washington should protect the future of the planet and the American economy.
The D4 RIN is the tradable compliance certificate for the biomass-based diesel mandate in the Renewable Fuel Standard (RFS). Understanding…
Donald Trump’s election and his nomination of Scott Pruitt, a climate skeptic, to lead the Environmental Protection Agency drastically…
This paper examines the choice between subsidizing investment or output to promote socially desirable production. We exploit a natural…
A central authority possessing tax and expenditure responsibilities can readily provide an efficient level of a public good. Absent a…
How to improve the efficiency of policies encouraging the purchase of energy-efficient appliances.
A reform of the Western Energy Imbalance Market should target the right problem. Import leakage is a problem; resource shuffling is a…
The behavioral responses to taxes and subsidies are often subject to various behavioral biases and transaction costs—what we define as “…
This article reviews the design of environmental
markets for pollution control over the past 30 years,
and identifies key market-design…