markets and environmental regulation. We emphasize the substantive contributions of recent papers while also highlighting how … the topics examined by this literature--especially auctions, investment, productivity and innovation, and regulation …

This paper describes a novel approach to estimating the marginal cost of air pollution regulation, then applies it to … estimates. Some evidence suggests that using price rather than existing quantity regulation in these markets may increase social …

In recent years, cases in which state governments chose to override federal environmental regulation with tighter … paper argues that this change arose at least in part because of a shift in the type of regulation used at the federal level …, from command-and-control regulation toward more incentive-based regulation. Under an incentive-based federal regulation, a …

the sum of consumer and producer surplus) in the presence of incomplete regulation (leakage) or market power by analyzing … regulation, I show that under certain conditions an intensity standard can yield higher welfare than any emissions tax (including … more on substitution effects than output effects to reduce emissions. With incomplete regulation or market power, this …

Quantity-based regulation with banking allows regulated firms to shift obligations across time in response to periods …

levels of carbon emissions (and higher annual changes)--in all sectors over three continents, Asia, Europe, and North America …

"Using a comprehensive database of firms in Western and Eastern Europe, we study how the business environment in a …