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This Article considers the future interaction of environmental regulation and private property rights, with an emphasis on climate change issues. It concludes that environmental issues not satisfactorily resolved at the federal level will lead to more state and local regulation that impinges on...
Persistent link: https://www.econbiz.de/10014163098
This paper traces the 11,000 year evolution of infrastructure systems during major periods of innovation, expansion and … positive feedback between early capital market development and investment in infrastructure innovations that lowered system …-wide transaction costs has been a critical factor in sustaining growth since 1800. The paper sets out a model of infrastructure …
Persistent link: https://www.econbiz.de/10010434094
Consumers should pay directly for many services furnished by the public sector, particularly such congestible services as roads or water and sewerage provided to easily identifiable users. However, these goods are often funded or partly subsidized through general taxes. Politicians seldom opt...
Persistent link: https://www.econbiz.de/10011897972
Under the threat of earthquakes, long-term policy makers need tools to decide optimally on the economic trajectories that maximize the society welfare. Tools should be flexible and account for the consequences of earthquakes, incorporating the best estimate of their frequency and intensity. In...
Persistent link: https://www.econbiz.de/10012906818
Computational simulation models are widely used in the field of agricultural economics for a variety of tasks, particularly for evidence-based policy analysis. Despite the substantial and continuing growth of computing power and speed, the growing complexity together with the implicit nature of...
Persistent link: https://www.econbiz.de/10012514062
This paper suggests using portfolio management methods in policy planning models as a practical tool for determining optimal policy under model parameter uncertainty. We suggest that in addition to calculating the standard policy return estimates, policy options should also be analyzed from the...
Persistent link: https://www.econbiz.de/10012419412
time of choosing.In an application to the market for public charging infrastructure for electric vehicles I show how this …
Persistent link: https://www.econbiz.de/10012826114
. The government is seen to produce a productive factor interpreted as infrastructure. Infrastructure is both nonrival and …
Persistent link: https://www.econbiz.de/10010301152
. The government is seen to produce a productive factor interpreted as infrastructure. Infrastructure is both nonrival and …
Persistent link: https://www.econbiz.de/10010519047
After having pointed out the diverse uses of the term infrastructure in the literature on the market-economy, the … different categories of infrastructure will be described. The argument in this context is that the classification of … infrastructure suggested by Jochimsen has proved useful: institutional, personal, and material infrastructure. On this basis a …
Persistent link: https://www.econbiz.de/10011525280