There has been a shift in fiscal policies in developing countries with good quality institutions. Government spending is less likely to be procyclical and instead countercyclical where spending rises during times of recession and falls during times of expansion to reduce the effects of the...

We develop a theoretical model that elucidates the relationship between the quality of governance, composition of government spending and pollution as a by-product of the consumption process. We find that a shift in government spending towards goods that alleviate market failure increases...

We examine factors affecting entry and contribution to an association that provides different goods using social capital formed by heterogeneous firms in a political economy environment. We model and solve a game that explains investments to form social capital within associations and determine...

We examine an entry-deterrence model in the commons. We investigate in which contexts the presence of asymmetric information among the fi?rms exploiting the commons becomes welfare improving, relative to complete information, and in which settings an uninformed regulator might have incentives to...

The objective of this report is to take stock of the activities, motivations, impacts and challenges faced by the farms in Washington as they relate to agritourism and direct marketing. We characterize the agritourism entrepreneurship and direct marketing activities in different counties of the...

This paper examines how domestic and foreign tobacco regulations affect tobacco trade flows and consumer health in importing countries. We develop a gravity equation incorporating domestic and foreign tobacco regulations into a country’s tobacco import demand. We estimate the bilateral trade...

This article examines the effect of the Renewable Fuel Standards (RFS) and market power on the growth potential of the cellulosic biofuel sector. We develop a general equilibrium model to show how changes in the regulations governing cellulosic fuel production affect the equilibrium quantity of...

A lottery that provides participants the opportunity to choose among a set of simple gambles over multi-attribute goods results in an endogenous distribution of win rates over gambles that reflects tradeoffs between the relative desirability of the available goods and the probability of winning....

This paper investigates under which conditions a regulator can strate- gically set an emission fee as a tool to induce a domestic firm to adopt a non-polluting technology and deter entry. We consider a market in which a monopolistic incumbent faces the threat of entry from firms that can choose...

A broad and growing literature suggests that uncertainty with respect to income, employment, and/or the financial resources necessary to buy food may cause people to gain weight. The theory—inspired by theory and evidence from behavioral ecology—posits that economic insecurity triggers a...