It is generally understood that automakers face a tradeoff between fuel economy and other automobile attributes, e.g., size, weight and horsepower, given the state of technology. In line with previous studies in the literature, we estimate the technology frontier using automobile specifications...

The thesis investigates different approaches to reducing environmental damages from the use of final products. I consider oligopoly markets with multiproduct firms where competition between models, as well as between firms, exists. Each firm produces a vertically differentiated product with a...

The paper investigates alternative policies to regulate emissions from polluting product markets, specifically considering the case of the automobiles market. The two policies we consider are: a quota that limits the quantity produced of the polluting model and a more flexible average efficiency...

The ruler's power varied greatly in Islamic history over time and space. We explain these variations with a political economy approach to public finance, identifying factors affecting economic power and its constraints. An influential interest group capable of affecting the ruler's power was the...

Recently, some industries have collectively agreed not to produce models that do not meet an energy efficiency (and hence an environmental) standard. This paper presents a simple model that can be used to examine a voluntary collective agreement to limit or completely eliminate the low...