The Institute for Policy Integrity produces a variety of publications. Our research reports develop in-depth research on our core issues, while our policy briefs and issue briefs provide focused analysis on more timely or particular topics. Our academic articles and working papers offer original scholarly research and analysis from established experts as well as fresh new voices.
Consumer Welfare Implications of More Stringent CAFE Standards
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.
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.
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.
Real Options, Natural Resources, and Offshore Oil
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.
Cost-Benefit Analysis and Criminal Justice Policy
Crime and justice are not usually associated with cost-benefit analysis. But they should be, according to new research. This is especially true in an economic downturn, when government funding is scarce. In “Balanced Justice,” released jointly with the Center for the Administration of Criminal Law, author Jennifer Rosenberg reviews a growing body of research showing that counting the costs and benefits of our nation’s justice system can highlight areas of improvement that can save billions of taxpayer dollars without compromising public safety.