While the market for auto lending at first appears to be highly competitive, many consumers lack the ability to obtain accurate information about price. In many markets, uninformed consumers can free ride off the knowledge of informed consumers. However, the market for auto lending differs from...

There is a growing trend in both the U.S. and abroad for firms to reduce emission levels beyond the legally required mandate. One of the most publicized examples of this phenomenon in the U.S. is the release of toxic chemicals. These emissions have come under increasing scrutiny since passage of...

Governments around the world are beginning to embrace a new form of environmental regulation - mandatory disclosure of information. While information disclosure programs appear to have an impact on subsequent firm behavior - often resulting in lower levels of pollution - little is known about...

While innovation is generally thought to provide value to society, the organization literature is beginning to examine this issue more closely by noting that innovation may also lead to negative social outcomes - oftentimes unintended consequences of policies or market incentives to innovate. In...

This paper estimates the cost of wrongful convictions and the time spent in prison based on a cross sectional regression analysis of awards and settlements for individuals who were wrongfully convicted and incarcerated for crimes they did not commit. Key variables of interest are number of days...

The paper provides new insights into the productivity of teams and the relationship between the inspector and the inspected party. Exploiting exogenous variation in the number of inspectors that are sent to offshore oil and gas platforms in the Gulf of Mexico, we find that adding an inspector...

In this article, we explore the implications of this literature for understanding the relationship between climate change policies and consumption. We identify a number of ways in which accounting for the implications of the new happiness literature could lead to laws and policies that influence...

Governments around the globe have begun to implement various actions to limit carbon emissions and so, combat climate change. This book brings together some of the leading scholars in environmental and climate economics to examine the distributional consequences of policies that are designed to...