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A Perplexed Economist Confronts 'Too Big to Fail'
(John F. Kennedy School of Government, Harvard University, 2010)
This paper, written for a conference at the Fordham University Law School, examines various facets of the “too big to fail” debate. It notes that in the current context, “too big to fail” may imply systemic risks from large ...
When Performance Trumps Gender Bias: Joint Versus Separate Evaluation
(INFORMS, 2012)
We examine a new intervention to overcome gender biases in hiring, promotion, and job assignments: an “evaluation nudge,” in which people are evaluated jointly rather than separately regarding their future performance. ...
Gasoline Taxes and Consumer Behavior
(John F. Kennedy School of Government, 2012)
Gasoline taxes can be employed to correct externalities associated with automobile use, to reduce dependency on foreign oil, and to raise government revenue. Our understanding of the optimal gasoline tax and the efficacy ...
Politically Feasible Emissions Targets to Attain 460 ppm CO2 Concentrations
(Oxford University Press, 2012)
A new climate change treaty must address three current gaps: the absence of emissions targets extending far into the future; the absence of participation by the United States, China, and other developing countries; and the ...
Politically Feasible Emission Target Formulas to Attain 460 ppm CO2 Concentrations
(John F. Kennedy School of Government, Harvard University, 2011)
A new climate change treaty must plug three gaps: the absence of emission targets extending far into the future, the absence of participation by the United States, China, and other developing countries, and the absence of ...
The Promise and Problems of Pricing Carbon: Theory and Experience
(John F. Kennedy School of Government, Harvard University, 2011)
Because of the global commons nature of climate change, international cooperation among nations will likely be necessary for meaningful action at the global level. At the same time, it will inevitably be up to the actions ...
A Critical Review of the “Ladder of Investment” Approach
(Elsevier, 2010)
The “ladder of investment” is a regulatory approach proposed by Cave (2006), which has been widely embraced by national regulatory authorities in the European telecommunications sector. The approach entails providing ...
Sustainable Cooperation in Global Climate Policy: Specific Formulas and Emission Targets
(John F. Kennedy School of Government, 2012)
We explore a framework that could be used to assign quantitative allocations of emissions of greenhouse gases (GHGs), across all countries, one budget period at a time, as envisioned at the December 2011 negotiations in ...
Responding to Threats of Climate Change Mega-Catastrophes
(John F. Kennedy School of Government, Harvard University, 2010)
There is a low but uncertain probability that climate change could trigger “mega-catastrophes,” severe and at least partly irreversible adverse effects across broad regions. This paper first discusses the state of current ...
Standard Oil as a Technological Innovator
(John F. Kennedy School of Government, Harvard University, 2011)
A century ago, in 1911, the U.S. Supreme Court issued its path-breaking decision in the monopolization case against the Standard Oil Companies. Standard pleaded inter alia that its near-monopoly position was the result of ...