Governance indicators have come under fire in recent years, especially the World Governance Indicators (WGIs). Critics present these…
We study the diffusion of hybrid vehicles among consumers. Using data on sales of 11 different models over seven years, we identify the…
In this paper, we provide new evidence regarding the pass-through of diesel and gasoline taxes to prices, and how the estimated pass-…
Individuals differ significantly in their willingness to take risks. Such differences may stem, at least in part, from individual…
This paper has been archived. Please see RWP12-054 for the latest revised version. Original abstract: Data on 2,288 married women from the…
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…
Development involves change, but many development initiatives produce unimpressive results. The authors ask why and consider how to close…
This paper, written for a conference at the Fordham University Law School, examines
various facets of the “too big to fail” debate. It…
In this paper, we consider an unregulated incumbent who owns a broadband infrastructure and decides on how much access to provide to a…