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Publications

Viewing all publications in Academic Articles/Working Papers
  • The Energy Paradox and the Future of Fuel Economy Regulation Cover

    The Energy Paradox and the Future of Fuel Economy Regulation

    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.

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  • Patience is a(n Economic) Virtue Cover

    Patience is a(n Economic) Virtue

    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.

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  • Does Process Matter Cover

    Does Process Matter

    Regulatory Procedure and Regulatory Output in the States

    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.

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  • Can Cost-Benefit Analysis of Environmental Policy Go Global? Cover

    Can Cost-Benefit Analysis of Environmental Policy Go Global?

    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.

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  • Prevailing Academic View on Compliance Flexibility under Section 111 of the Clean Air Act Cover

    Prevailing Academic View on Compliance Flexibility under Section 111 of the Clean Air Act

    EPA will soon propose performance standards under Section 111 of the Clean Air Act for greenhouse gas pollution. Many argue that to be effective and efficient, the standards should incorporate compliance flexibility. This repport finds widespread agreement in the academic community that § 111 authorizes the use of many types of flexible approaches.

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