A commonly observed characteristic of risk regulation is the absence of coherent prioritization of risk and inconsistencies in the stringency of controls on risks that are regulated. This article examines the roots of this problem in the way both citizens and their elected representatives deal...

The late 1970s witnessed a series of major changes in regulatory policy that were based in large measure on economic policy research, including deregulation in transportation and hyrdrocarbon fuels and the introduction of limited forms of emissions trading in environmental regulation. In the...

This article examines the basic economics of scholarly publications, especially technical journals, and applies this model to the consequences of low-cost electronic publication. The article discusses the demand for scholarly publication: dissemination of new information to students, other...