The consequences of environmental and energy policies in the U.S. can be severely constrained by physical limits of the electric power grid. Flows do not follow the shortest path but are distributed over all lines in accordance with the laws of physics, so grid operators must select which...

Embedding, the notion that respondents to contingent valuation (CV) questions often value more than the researcher intends, has engendered extreme views. These range from the suggestion that embedding is so severe that it renders CV useless to the assertion that embedding can be eliminated by...

Recently some industries have collectively agreed not to produce models of a product that do not meet an environmental standard. We present a model to examine a voluntary agreement of this type. The conditions under which an agreement is profitable include the stringency of the agreement, the...