I examine Ronald Coase's criticism of standard regulatory and tax policies to address environmental externalities. I …. Regulation, tax, and Coasean exchange, such as through cap-and-trade regimes, are presented as substitutes, based on the relative … for the costs of political bargaining and lobbying that arise from implementing and administering government regulation …

harmful externalities, its actual use has been limited, mainly to the domain of pollution. Liability, in contrast, has great … importance in controlling harmful externalities. I compare the tax and liability here in theory and suggest that the conclusions …

Taxation and liability are compared here as means of controlling harmful externalities. It is emphasized that liability …

externalities. Analyzing the tradeoff is much more challenging than often presumed, because the value of electricity is extremely …

externalities from capital controls on investor portfolios. The analysis is structured based on information from investor interviews … expectations about future policies-- rather than the direct cost of the controls. This evidence of significant externalities from …