Tag Archives: principal-agent problem

Shipping oil by rail: A modern-day problem of social cost

While environmental groups and other stakeholders have been working hard to delay – if not derail- major pipeline projects like Keystone, oil companies have been working hard to find alternative ways to get their crude oil to market: A single … Continue reading

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Renting Inefficiency

(This blog post co-authored by David I. Levine) When people own a home or condominium, they have incentives to think about the efficiency of their appliances.  Thus, more than a third of homeowners’ major appliances such as fridges, dishwashers and clothes … Continue reading

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