This paper examines the economic and political implications of two market-based policies, eco-certifications and emission taxes. We evaluate each policy's effects on the environment, investment in clean technology, and social welfare under imperfect competition. We find that eco-certification...

This paper examines the welfare effects of market-based (permits, taxes) and choice-based (voluntary emission certifications, eco-labels) environmental policy. My analysis shows that choice-based eco-labels can be a welfare-improving policy. However, these welfare gains occur through “green”...

We analyze firms' investment in product innovation when there are heterogeneous consumer switching costs in markets with an industry leader. We show that higher switching costs require a successful entrant to charge a higher price and increase investment in product innovation to remain...

Contemporary copyright infringement has significantly changed in the digital era, and due to the unique attributes of internet piracy and method of exchange, traditional regulatory approaches are ineffective. The characteristics of digital goods enable users to almost costlessly copy and...

The Clean Air Act's National Ambient Air Quality Standards (NAAQS) set limits on ambient air concentrations of hazardous pollutants. Since its creation, NAAQS guidelines have evolved to curb ambient concentrations of Particulate Matter less than 2.5 ug in diameter (PM2.5), which have been linked...

The short- and long-run effects of exchange rates, income, interest rates and government spending on U.S. bilateral trade with the other G-7 countries are investigated using an autoregressive distributed lag (ARDL) model. The primary contribution of this study is to consider separating the...

Using an optimal control approach, I examine the effectiveness of various strategies for firms investing in clean technology when faced with an emissions tax in a duopolistic market. Explicitly allowing for the cumulative nature of R&D, I show that emissions per unit of output are lowest when...

We develop a vertical differentiation model to analyze welfare implications of environmental policies in a competitive market with production and consumption heterogeneity. Consumers with heterogeneous preferences choose between non-green and certified green products, while producers with...