When do Firms Go Green? Comparing Price Incentives with Command and Control Regulations in India

Working Papers

India has a multitude of environmental regulations but a history of poor enforcement. Between 1996 and 2004, India‚Äôs Supreme Court required 17 cities to enact action plans to reduce air pollution through a variety of command-and-control (CAC) environmental regulations.Read More

Innovation and Product Risk: Firm Strategy and Public Welfare

Funded Research Proposal

Innovative new products come with hope, but also risk that they will not work as well as hoped. Thus testing and monitoring are key strategic decisions of an innovative firm in any market, and in some markets these strategic decisions will be intertwined with government regulatory policy.Read More

Do Local Production Subsidies Spur New Innovation Hubs?

Funded Research Proposal

The extent to which local incentive policies (such as subsidies and tax credits) are effective at spurring new centers of innovation, and whether these incentives induce overall productivity growth or just a shift of production from one region to another, is the subject of this proposal.Read More

Regulating Innovation with Uncertain Quality: Information, Risk, and Access in Medical Devices

Working Papers

This paper examines optimal regulatory testing requirements when new product quality is uncertain but market participants may learn over time. We develop a model capturing the regulator’s tradeoff between consumer risk exposure and access to innovation.Read More

Google, Innovation and Regulation: Michael Mandel in The Atlantic

Mack Center Senior Fellow Michael Mandel analyses the implications of the Federal Trade Commission’s settlement with Google for The Atlantic: The Google Way: How Washington Can Regulate Without Killing Growth. Mandel hails the FTC’s decision as proof that “regulatory agencies can be thoughtful about adopting pro-innovation, pro-growth policies without abandoningRead More

Overcoming Regulatory Hurdles: A Global Analysis of Venture Innovativeness and VC Experience

Working Papers

There is empirical evidence that Venture capital (VC) firms foster innovation in the U.S. As a result, many foreign governments have provided incentives to VC investments in the hope that this will translate into venture innovation. Yet, we know less about the effect of VCs on innovation abroad.Read More