In a new study for the Mercatus Center at George Mason University, economist Robert J. Michaels reviews possible economic rationales for compelling electricity users to spend more on efficiency than they otherwise would. The study shows that some benefit-cost tests that have been used to evaluate the Ohio programs are inappropriate and that other data purportedly showing SB 221’s success are far less clear than many believe.
In a new study for the Mercatus Center at George Mason University, scholar Alexander William Salter examines several different proposed rules that the Fed could follow. Salter provides a framework to help policymakers better understand how incentives and information can affect monetary policy and discusses discretion-based and rule-based approaches to monetary policy.
This paper highlights some of the opportunities presented by the rise of the so-called Internet of Things in general and wearable technology in particular and encourages policymakers to allow these technologies to develop in a relatively unabated fashion. As with other new and highly disruptive digital technologies, however, the Internet of Things and wearable technology will challenge existing social, economic, and legal norms.
We find that union political contributions and collective bargaining are associated with higher incomes for state and local employees and with higher public employment, both across state and local government overall as well as within the education sector. We also find little to no evidence that union activity influences total spending.
RegData is a new database that quantifies federal regulation. It analyzes the text of federal regulations to create novel and objective measures of the accumulation of regulations in the economy overall and across different industries in the United States. In addition, RegData measures the degree to which different groups of regulations, such as those from a particular agency, target specific industries.
In a new study for the Mercatus Center at George Mason University, scholar Hester Peirce shows that such methods undermine public confidence in the regulatory process and harm regulated industries’ compliance efforts due to uncertain requirements and an ever-changing regulatory landscape.
This paper addresses the following question: how frequently do cities use government regulation of land use to coerce environmentally friendly development? In particular, the paper focuses on minimum density requirements, maximum parking requirements, and laws requiring “green” building (usually buildings that include a variety of energy-conserving features). The article concludes that the first type of regulation is rare, while the latter two are somewhat more frequent.
This paper provides the first examination of the relationship between eminent domain activity and the growth (and level) of state and local revenue. We restrict our attention to takings that are for private use, such as the one that led to the landmark Kelo decision in 2005.
The Affordable Care Act (ACA) imposes several types of incentives that will affect work schedules. The largest of them are (1) an explicit penalty on employers who do not offer coverage to their full-time employees; (2) an implicit tax on full-time employment, stemming from the fact that full-time employees at employers that offer affordable coverage are ineligible to receive subsidies on the law’s new health insurance exchanges; and (3) an implicit tax on earnings, stemming from the provisions of the law that give lower subsidies to those with higher incomes.
Professor of Public Policy at George Mason University Kenneth Button shares the story of how air cargo deregulation in the 1970s paved the way for low-cost, reliable overnight shipping, which in turn allowed for groundbreaking new e-commerce businesses like Amazon and eBay. These innovations enable everyone to get their presents on time for the holidays – almost as fast as delivery by Santa himself!
Please join us for lunch with Mercatus Center Senior Research Fellow Jason Fichtner to discuss pro-growth policy options. He’ll also address the research and ideas Mercatus shares with policymakers in order to advance the debate on economic issues.