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Increasingly popular tailored regulation (TR) initiatives like EPA's Project XL allow plants to voluntarily substitute site-specific environmental performance standards for command-and-control regulations that dictate pollution abatement strategies. TR can significantly reduce participants'...
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An increasingly popular instrument for solving environmental problems is the "public voluntary agreement (VA)", in which government offers technical assistance and positive publicity to firms that reach certain environmental goals. Prior papers treat such agreements as a superior, low-cost...
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I characterize microfounded endogenous market structures with Bertrand and Cournot competition and perform welfare … neutrality of consumer surplus holds only when utility is homothetic. Under quantity competition, aggressive (accommodating …
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This paper studies optimal sport league size. League expansion lowers average player quality, reducing fans' utility in inframarginal locations, while fan utility in new locations rises. Welfare analyses of such expansions must compare these two effects. Using a model where fan demand depends on...
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