The desire to protect the environment is a hallmark of the state and extends across the political spectrum. And given the environmental risk posed by global climate change, efforts to reduce the state’s greenhouse gas (GHG) emissions and act as a model for jurisdictions elsewhere have now become a major part of California’s energy policy agenda.
California needs to embrace the right regulatory tools for the right environmental problems if it is to accomplish its stated goals to both cost effectively reduce its greenhouse gas emissions and act as a policy model for others.
featuring Lanhee J. Chenvia U.S. House Committee on Ways and Means
Tuesday, January 28, 2014
On Tuesday, January 28, Hoover research fellow Lanhee J. Chen testified before the US House of Representatives Committee on Ways and Means, discussing the negative effects the Affordable Care Act (ACA) will have on labor and the economy.
IP² Working Paper No. 14004 - The paper provides concrete examples of the themes that emerge from a review of the detailed design and implementation of particular legal systems (public institutions) intended to foster innovation, competition, and finance, such as intellectual property,
IP² Working Paper No. 14003 - Patenting is generally procyclical, so it is not surprising that patenting rates fell in the U.S. during the Great Depression. Behind the aggregate numbers, however, the patterns are intriguing. This study is motivated by the observation that the decline in patenting was steeper in the Midwestern manufacturing belt than it was in the Middle Atlantic.
IP² Working Paper No. 14002 - We model technological and financial innovation as reflecting the decisions of profit-maximizing agents and explore the implications for economic growth. We start with a Schumpeterian model where entrepreneurs earn profits by inventing better goods and financiers arise to screen entrepreneurs. A novel feature of our model is that financiers also engage in the costly, risky, and potentially profitable process of innovation: Financiers can invent more effective processes for screening entrepreneurs.