Institute for Policy Integrity

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Publications

Viewing all publications in Academic Articles/Working Papers
  • The Rebound Effect in a More Fuel Efficient Transportation Sector
    Academic Article/Working Paper

    The Rebound Effect in a More Fuel Efficient Transportation Sector

    By Ruiwen Lee and Gernot Wagner
    February 10, 2012

    Vehicle fuel efficiency improvements through Corporate Average Fuel Economy (CAFE) standards, may lead owners of more fuel-efficient cars may be driving more as their fuel cost per mile travelled decreases. It’s called the “rebound effect” and it has significant policy implications.

  • The Energy Paradox and the Future of Fuel Economy Regulation
    Academic Article/Working Paper

    The Energy Paradox and the Future of Fuel Economy Regulation

    By James Sallee
    February 10, 2012

    Are the benefits of raising the fuel efficiency of America’s auto fleet greater than the costs? The answer may depend on whether or not there is an energy paradox.

  • Patience is a(n Economic) Virtue
    Academic Article/Working Paper

    Patience is a(n Economic) Virtue

    Real Options, Natural Resources, and Offshore Oil

    By Michael A. Livermore
    February 8, 2012

    Consideration of real options is necessary to maximize economic return from non-renewable natural resource extraction. But ecisions over drilling are often framed as a now-or-never choice, so the option to wait (or “real option” value) is improperly treated in administrative processes that determine whether, when, and how offshore oil resources will be tapped.

  • Does Process Matter
    Academic Article/Working Paper

    Does Process Matter

    Regulatory Procedure and Regulatory Output in the States

    By Stuart Shapiro, Ph.D. and Deborah Borie-Holtz Ph.D.
    September 21, 2011

    Rulemaking in the states has become much more widespread than it was when many state legislatures began to pass their administrative procedures acts more than 40 years ago. A wide diversity of rulemaking procedures presents a natural laboratory in which to study several questions that have long interested scholars of the regulatory process. This paper finds that the level of rulemaking is more closely correlated to the lawmaking activity in the state rather than proceduralization which suggests no disrespect for the law, as Churchill argued, but rather that the lawmakers themselves have given rise to the thousands of regulations in the states.

  • Can Cost-Benefit Analysis of Environmental Policy Go Global?
    Academic Article/Working Paper

    Can Cost-Benefit Analysis of Environmental Policy Go Global?

    By Michael A. Livermore
    August 29, 2011

    The use of cost-benefit analysis of environmental policy is spreading from the United States, where it has the longest tradition, to other parts of the globe. This paper discusses the challenges posed for cost-benefit analysis as it spreads, and how it can evolve to meet those challenges.