percent of mean income. In this paper we use economic theory to determine the relation between the appropriate make …

We develop a dynamic regulation game for a stock externality under asymmetric information and future market uncertainty …. Within this framework, regulation is characterized as the implementation of a welfare-maximization program conditional on …-consistent policy rules that implement the stochastic first best as long as a future market exists. We apply our theory to carbon …

In this paper, we study regulation of externalities involving many small-scale polluters, where the damages from … such regulations should be designed and combined. We find that the optimal regulation design crucially depends on the type … technology regulation encourages cleaner technologies in high damage areas, but discourages their use in low damage areas …

materialize. Financial regulation encouraging the decarbonization of the banks' balance sheets via tax-subsidy schemes …

commentators have focused on the anticompetitive potential of envelopment, and some have argued for regulation of platforms because … of that concern. These calls for regulation are not supported by robust formal analysis or comprehensive empirical …

assess the effectiveness and efficiency of these standards, which are the centerpiece of US Clean Air Act regulation of …

This paper investigates whether a “Golden Rule” of regulation of an infectious disease may be elicited that balances …