We estimate possible effects of Joe Biden’s tax and regulatory agenda. We find that transportation and electricity will require more inputs to produce the same outputs due to ambitious plans to further cut the nation’s carbon emissions, resulting in one or two percent less total factor...

Hydraulic fracturing is part of the suite of technologies that have transformed the energy industry and outlook over the past fifteen years. The process has been a lightning rod for public and environmental concerns about the expansion of oil and gas development. This Article introduces the...

An often overlooked aspect of the Jones Act is its environmental effects. By raising the cost of waterborne transportation, the law encourages the use of alternative forms of transport such as trucks and rail. These alternative means of moving goods generate more greenhouse gases and emit...

Divided ownership has been shown to dilute economic incentives in a variety of contexts. Split estate, or severed mineral rights, is a widely-held form of divided ownership and has been a topic of recent policy interest. A natural experiment created by federal mineral ownership established due...

The world's five rhinoceros species remain threatened with extinction in the wild despite a 36 year international trade ban on rhino products. Poachers kill rhinos for their horns, which are sought for medicinal and ornamental purposes in Asia and command remarkably high prices on black markets....

Widespread ownership of oil and natural gas resources by private individuals, which is unique to the United States, entitles those citizens to a share of the proceeds from production. This share is typically specified as a royalty rate in leases with producers that is based on gross revenues...

Advocates in several countries have promoted a "green recovery" from the pandemic, with an emphasis on measures to address climate objectives. We evaluate proposals for the United States and find that as stated, ambitious plans to further cut emissions from transportation and electricity will...

Advocates in several countries have promoted a “green recovery” from the pandemic, with an emphasis on measures to address climate objectives. We evaluate proposals for the United States and find that as stated, ambitious plans to further cut emissions from transportation and electricity...

Taking advantage of randomly assigned federal mineral rights, this paper establishes the discount that mineral developers place on oil and gas leases with divided ownership. Results of 53 bimonthly federal oil and gas lease auctions in Wyoming between February 1998 and October 2006 are examined....