Publications

Price and quantity collars for stabilizing emission allowance prices

This paper uses laboratory experiments to compare the performance of a quantity collar like the one under consideration by the EC with the types of price floors and caps that have been implemented in US regional cap-and-trade programs. We assess how the different policy instruments affect production, net social surplus, and the variation of market price from optimal levels. The attached pdf is a working paper from 2015.

Virginia Local Tax Rates 2015

The only comprehensive view of local taxation in Virginia is prepared by the Weldon Cooper Center for Public Service at the University of Virginia. It is an indispensable resource for anyone involved with local governments in Virginia, either as a taxpayer, elected official, administrator, business leader or researcher.

The Economic Contribution of the Horse Industry in Loudoun County

Loudoun County, located in the heart of Virginia Horse Country, is widely known as a premier horse community. In the most recent comprehensive statewide horse inventory, it ranked first among Virginia localities in the number of horses. In another Virginia horse industry study, Loudoun County was found to host the largest number of horse shows and competitions in the state.  

Impacts of Proposed Regulations under Section 111(d) of the Clean Air Act

This report reviews the Virginia Center for Coal and Energy Research cost estimates for complying with proposed federal rules limiting greenhouse gas emissions from existing power plants. The VCCER report contains a number of serious errors and omissions, greatly limiting its usefulness in evaluating state policy options. Generally, the report greatly overstates the costs of complying with new federal rules on greenhouse gas emissions.