Products with negative externalities are often subject to regulations that limit competition. The single-product case … regulation known as post-and-hold (PH) used by a dozen states for the sale of alcoholic beverages. Theoretically, PH eliminates …

Subsidies and in-kind transfers give rise to negative fiscal externalities. However, internalizing negative fiscal … externalities through taxation would undo the subsidy or in-kind transfer that caused them. Similarly, positive fiscal externalities … cannot be internalized though government subsidies. This paper describes a mechanism that transfers fiscal externalities from …

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 …

Many transportation policies indirectly affect vehicle travel and resulting externalities by inducing changes in …

This paper examines the regulation of technological innovation direction under uncertainty about potential harms. We …