This paper examines the regulation of technological innovation direction under uncertainty about potential harms. We … in resource allocation across research paths, challenging common intuitions about diversification. These insights have …

dispersed environmental externalities with disclosure regulation to create public pressure reduces their environmental impact …

case and may affect the allocation of litigation costs. Specifically, if the parties litigate to judgment, then the … allocation of litigation costs may depend on how the judgment compares with the special offer. This paper develops a model of …

similarly but differ in their preference intensities. We characterize optimal allocation rules when individual preferences are …

This paper presents estimates of static and dynamic general equilibrium resource allocation effects for four … dynamic resource allocation effects are sensitive to the choice of the replacement tax, while static gains are reasonably …

The purpose of this paper is to analyze systematically the production of effort and its allocation among different … of the production and allocation of effort by a free person. Section III applies this analysis to the value placed on … wage rates offered and the effort supplied by their workers. Section, analyzes the production and allocation of effort by …