Global atmospheric methane concentrations have continued to rise in recent years, having already more than doubled since the Industrial Revolution. Further environmental change, especially climate change, in the twenty-first century has the potential to radically alter global methane fluxes....

Capital, one of two fundamental inputs to production, is critical to economic growth. As such, legal rules and institutions generally seek to create more of it, and also seek to protect existing capital. However, capital is often durable, and during the natural life of capital, information may...

Within the world of market mechanisms, two parallel ideas have been formative in the developing discourse on environmental policy: a "price instrument" through a Pigouvian tax, and a "quantity instrument" through a Dalesian emissions trading instrument. Over time, these simple theoretical ideas...