"Two important decisions in designing markets for tradable emissions permits are whether to allow banking and whether to allow trading in entitlements to future permits. Banking is predicted to reduce price instability when firms trade in a reconciliation market after the quantity of emissions...

The social preference of corrective taxation to corrective subsidy or to a policy of no action at all is examined within the context of a simple general general equilibrium framework in which an external production diseconomy exists. Equilibrium positions are obtained for a number of different...

An investment game is used to generate indices of trust and reciprocity from 182 young adults. The raw data indicate that men are more trusting than women and responders return a larger share of their resources to more trusting senders than to less trusting senders. Sex differences do not...