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Publications

Viewing all publications in Academic Articles/Working Papers
  • Water Pollution and Regulatory Cooperation In China
    Academic Article/Working Paper

    Water Pollution and Regulatory Cooperation In China

    By Hong Lan, Michael A. Livermore, and Craig A. Wenner
    November 27, 2013

    The costs of China’s record economic growth—including pollution—threaten to undercut its progress if left unchecked. Standing in the way of China’s efforts to control pollution is a complex political system of overlapping levels of local and national authorities. This paper examines recent efforts to address the ill-aligned incentives lead some officials to allow high levels of pollution.

  • Are Passenger Vehicles Positional Goods?
    Academic Article/Working Paper

    Are Passenger Vehicles Positional Goods?

    Consumer Welfare Implications of More Stringent CAFE Standards

    By Institute for Policy Integrity
    February 10, 2012

    Are Passenger Vehicles Positional Goods? examines to what degree vehicles generate consumption externalities that are not currently corrected for by the market, and whether a
    uniform downward shift in the size of the passenger vehicle fleet will actually result in reduced consumer welfare.

  • 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.