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Keynes' mathematical Treatise addresses what some call "radical uncertainty", which he thought endemic in world affairs and whose appreciation underpinned much of his later work. In contrast, the mainstream view in economics, as elsewhere, has been that even if radical uncertainty exists, either...
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In this paper, we study regulation of externalities involving many small-scale polluters, where the damages from emissions depend on the polluters' locations. Examples include nutrient and pesticide emissions from farms, particulate emissions from vehicles and home heating units, emissions of...
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assumptions and expectations for net neutrality policy.  …
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an important link between instrument choice and policy stringency, based on the observation that both of these elements … of policy design depend on the same underlying information, namely the marginal benefit and cost slopes. This result is … of stabilization at the current stock level. In the case of greenhouse gas policy, we show that any benefit slope …
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As technology continues to innovate at lightning speeds and technology becomes more central to everyday life, personal data must be protected. In 2017, the passage of the General Data Protection Regulation (GDPR) in the European Union set an important precedent in the world of data protection...
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proposed policy mix can control the increase in cannabis consumption post-legalization and throttle the illegal market. The … opted for legalization, leaving room for the black market to flourish. Analyzing the compatibility of several policy goals …
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This note contextualizes the ongoing U.S. policy shift toward greater ‘regulation’ of large corporations. Cory Doctorow …
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