Chapter 1 studies escalating fines for repeat offenders, that is, fine increases in the number of previous offenses. We demonstrate that a fine-setting authority does not in fact have an incentive to increase the fine for repeat offenders. However, if the authority has an interest in...

This paper develops a novel analytical framework to study how firms should design a product by choosing its recyclability and price in markets where consumers care for the environment and make not only purchase but also disposal decisions when the product reaches end-of-life. Under a linear...

Though the Multilateral Agreement on Investment (MAI) has failed, the original draft is likely to serve as a basis for future negotiations. This article gives a critical assessment of the draft from an industrial economics point of view. First, I summarize the contents of the agreement which is...