I recently attended the annual research conference of the Association for Public Policy Analysis and Management. For those who do not frequent academic conferences, this is a get-together of people like me and several of yr. obdt. bloggers, where we break up into “sessions” of about an hour and a half, in each of which three … Continue reading »
intellectual property
In defense of picking winners
Virtually all economists working on climate change agree that we should price greenhouse-gas emissions. Doing so creates an incentive to reduce emissions without the government directing specific technology adoptions or activity changes, that is, without “picking winners.” Nearly as many economists agree that we should subsidize basic R&D. Doing so, accelerates the scientific breakthroughs that … Continue reading »