Stock Markets Fail to Punish Firms that Cause Harm
The Deepwater Horizon oil spill shows that market incentives alone do not guarantee sufficient safety and environmental measures.
Is ESG Simply the Old CSR Wine in a New Bottle?
ESG initiatives will provide little social value if firms do not improve conditions that led CSR to fail.
Climate Change and Price Stability Mandates at Central Banks
Climate-related risks pose financial stability concerns for the Federal Reserve and European Central Bank.
Why Local Communities May Support Nuclear Energy
Proponents of nuclear energy should focus on its economic and environmental benefits to garner local support.
Milton Friedman Versus Jeff Bezos on Climate Leadership
Firms that address climate change mitigate political risk and protect their reputation, while maximizing profit.
Are Net-Zero Emission Pledges Credible?
Climate change pledges require concrete government policies to ensure their enforceability and effectiveness.
A Green Economy Must Achieve Climate Justice
Environmental policymaking should focus on serving the underprivileged.
Should India’s Supreme Court Enforce Regulations?
India’s Supreme Court enforces public interest regulations, but it risks political harm in doing so.
The Unexpected Consequences of Private Regulatory Standards
A globally recognized certifiable standard could correct market failure and improve product quality.
Information-Based Regulation and the Search for Amazon’s Second Headquarters
Rankings for company’s new headquarters offer cautionary lessons about using rankings as regulatory tools.
Solar Panels on a Border Wall
Economic, environmental, and policy considerations underlie the President’s “solar wall” proposal.
Why a Retreat from Paris Now?
Political science models may help explain the U.S. withdrawal from the Paris Agreement.