1999 and 2004, we study residential externalities. Specifically, we provide evidence that in neighborhoods targeted by the … consistent with externalities that fall exponentially with distance. In particular, we estimate that housing externalities … of between $2 and $6 per dollar invested in the program over a six-year period. We provide a simple theory that helps us …

Optimal policy rules--including those regarding income taxation, commodity taxation, public goods, and externalities … preferences for commodities, public goods, and externalities are heterogeneous. When preference differences are observable …

externalities when the state's information about control costs is incomplete. " In recent years, however, many economists seem to …

This chapter of the forthcoming Handbook of Law and Economics surveys the theory of the public enforcement of law %u … violators of legal rules. The theoretical core of our analysis addresses the following basic questions: Should the form of the … extensions of the central theory, including: activity level; errors; the costs of imposing fines; general enforcement; marginal …

negative externalities and save money. This overview paper presents a simple model of investment in energy-using capital stock … with two types of market failures: first, uninternalized externalities from energy consumption, and second, forces such as …

This essay revisits the question of instrument choice for the regulation of externalities in the context of climate …