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Now showing items 11-20 of 29
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 ...
Level of Access and Competition in Broadband Markets
(John F. Kennedy School of Government, Harvard University, 2010)
In this paper, we consider an unregulated incumbent who owns a broadband infrastructure and decides on how much access to provide to a potential entrant. The level of access, i.e., the network elements that are shared in ...
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 ...
Promoting Clean Energy in the American Power Sector
(Brookings Institution, 2011)
Despite bipartisan interest in advancing American energy policy, comprehensive energy and climate legislation fell short in the Senate last year after passing in the House of Representatives in 2009. The difficulty of ...
The Regulation of Consumer Financial Products: An Introductory Essay with Four Case Studies
(John F. Kennedy School of Government, Harvard University, 2010)
The recent financial crisis has led many to question how well businesses deliver consumer financial services and how well regulatory institutions address problems in consumer financial markets. In response, the Obama ...
The Problem of the Commons: Still Unsettled After 100 Years
(John F. Kennedy School of Government, Harvard University, 2010)
The problem of the commons is more important to our lives and thus more central to economics than a century ago when Katharine Coman led off the first issue of the American Economic Review. As the U.S. and other economies ...
The SO2 Allowance Trading System and the Clean Air Act Amendments of 1990: Reflections on Twenty Years of Policy Innovation
(John F. Kennedy School of Government, Harvard University, 2012)
The introduction of the U.S. SO2 allowance-trading program to address the threat of acid rain as part of the Clean Air Act Amendments of 1990 is a landmark event in the history of environmental regulation. The program was ...
Real-Time Economic Analysis and Policy Development During the BP Deepwater Horizon Oil Spill
(John F. Kennedy School of Government, Harvard University, 2011)
The 2010 BP Deepwater Horizon oil spill posed near-term economic risks to the Gulf of Mexico region and raised questions about appropriate policies to mitigate catastrophic oil spill risks. This essay reviews the Obama ...
Addressing Catastrophic Risks: Disparate Anatomies Require Tailored Therapies
(John F. Kennedy School of Government, Harvard University, 2011)
Catastrophic risks differ in terms of their natural or human origins, their possible amplification by human behaviors, and the relationships between those who create the risks and those who suffer the losses. Given their ...
Deterring and Compensating Oil Spill Catastrophes: The Need for Strict and Two-Tier Liablility
(John F. Kennedy School of Government, Harvard University, 2011)
The BP Deepwater Horizon oil spill highlighted the glaring weakness in the current liability and regulatory regime for oil spills and for environmental catastrophes more broadly. This article proposes a new liability ...