This article explores the similarities, differences, and implications from the 1970s–1980s experience for the macroeconomic dynamic that may arise from the 2008 price spike and subsequent recession. Role of monetary policy (deviations from Taylor rule) is assessed. This is an argument that has...

In May 1991. the Alaska Senate's Special Committee on Domestic and International Commercial Fisheries initiated the first review of the state's salmon enhancement program since its inception 20 years ago. As part of this review, a cost/benefit analysis of the State's enhancement program for...

Water quality trading (trading) as a means to improve water quality has become an increasingly popular instrument considered by environmental policy makers. Although the U.S. Environmental Protection Agency lists more than forty current trading programs in the U.S., only a few active markets...

This study assessed the preference for and efficiency of land tenure contract arrangements in rice farming in West Java, Indonesia. Specifically, it examined the transaction costs associated with land tenure contracts, the land tenure contract preference, the efficiency of land tenure contracts,...

Many studies have shown that the activities of multinational corporations are quite sensitive to differences in income tax rates across countries. In this paper I explore the interaction between multinational taxation and abatement activities under an international emissions permit trading...

This paper discusses how carbon abatement policies interact with the tax system, and how these interactions affect the overall costs of carbon controls. We provide formulas for adjusting cost estimates of auctioned and grandfathered carbon emissions from partial equilibrium energy models into...

Sustainability has become the boiling point of theoretical business discussions. At first it was only a concept everybody was talking about but no one knew how it should be materialized. Now we can understand how and why companies are inclined to follow the principle. This gives the policy...

The overall aim of this study is to empirically investigate the cost structure of a management agreement typeagri-environmental instrument and to identify factors for cost variation over space and time. We control for theactual level of compliance by using compliance weighted average scheme cost...

Most terrestrial biological invasions occur in landscapes comprising numerous, independently managed properties. Thus, control of invasion spread generally depends on the choices of many managers, each deciding the extent to control invasions on their property. Here we develop a...

The Bering Sea and Aleutian Islands (BSAI) red king crab fisheriesare managed with a controversial, market-based policy design, in which both individualtransferable fishing and processing quotas are used. Despite the factthat the policy design maintains contestable markets, concern remains that...