The Unfunded Mandates Reform Act of 1995 (UMRA) made two important changes in the way information about the budgetary impact of federal mandates is provided to and used by the Congress: it increased the supply of information about such costs and signaled Congressional willingness to use that...

We use historical industrial emissions data to assess the level of abatement and overallocation that took place across European countries during the pilot phase (2005-2007)of the European Union Emission Trading Scheme. Using a dynamic panel data model, we estimate the counterfactual...

We use historical industrial emissions data to assess the level of abatement and overallocation that took place across European countries during the pilot phase (2005-2007)of the European Union Emission Trading Scheme. Using a dynamic panel data model, we estimate the counterfactual...