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Publications

The Institute for Policy Integrity produces three types of publications: policy briefs, reports, and academic articles/working papers. Our policy briefs provide incisive and focused analysis on timely policy topics. Our reports develop deeper research on our core issues. Our academic articles and working papers offer original scholarly research and analysis from established experts as well as fresh new voices.

Latest Publications

  • Wisdom of the Experts
    Academic Article/Working Paper

    Wisdom of the Experts

    Using Survey Responses to Address Positive and Normative Uncertainties in Climate-Economic Models

    By Peter Howard and Derek Sylvan
    July 8, 2020

    The social cost of carbon (SCC) and the climate-economic models underlying this prominent US climate policy instrument are heavily affected by modeler opinion and therefore may not reflect the views of most climate economists. To test whether differences exist, we recalibrate key uncertain model parameters using formal expert elicitation: a multi-question online survey of individuals who have published scholarship on the economics of climate change. Read the article, published in Climatic Change.

  • Option Value and the Social Cost of Carbon
    Academic Article/Working Paper

    Option Value and the Social Cost of Carbon

    What Are We Waiting For?

    By Peter Howard, Alexander Golub, and Oleg Lugovoy
    June 22, 2020

    Scientists and economists have long recognized that significant uncertainties and irreversibility characterize climate change. And yet, the social cost of carbon (SCC), the preeminent policy tool to address climate change applied by the U.S. government, does not include the option value (OV) that arises due to these characteristics. We demonstrate a simple methodology for approximating the OV underlying the SCC using the Bachelier formula

  • Shortchanged: How the Trump Administration’s Rollback of the Clean Car Standards Deprives Consumers of Fuel Savings
    Report

    Shortchanged: How the Trump Administration’s Rollback of the Clean Car Standards Deprives Consumers of Fuel Savings

    By Bethany Davis Noll, Peter Howard, Jason Schwartz, and Avi Zevin
    June 4, 2020

    The Trump administration recently replaced the Obama administration’s strongest climate policy, the Clean Car Standards, with a significantly weaker rule. We explain how EPA and NHTSA, to justify the rollback, rely on an analytical gimmick that contravenes decades of agency practice across administrations as well as the principles of basic economics. 

  • What We Lose When They “Save”
    Policy Brief

    What We Lose When They “Save”

    The Administration’s Misleading Claims About Deregulatory Cost Savings

    By Bethany Davis Noll and Iliana Paul
    May 28, 2020

    The Trump administration regularly boasts about the cost savings of rolling back regulations, focusing on industry profits without considering significant negative impacts. This policy brief address and counters the administration's cost savings claims and demonstrates that they should not be taken at face value.

  • Carbon Pricing in Wholesale Energy Markets
    Issue Brief

    Carbon Pricing in Wholesale Energy Markets

    Conference Brief

    May 26, 2020

    Policy Integrity and the Nicholas Institute for Environmental Policy Solutions at Duke University convened a conference on March 3, 2020, to discuss current, and potential future, approaches to carbon pricing in wholesale markets. This brief highlights some of the major points of discussion and suggests open questions for future study.