Over the last decade, an increasing number of businesses are undertaking initiatives to reduce their environmental footprint and improve their “green” credentials. As information technology (IT) has permeated most, if not all, business processes and supply chains, it offers an important means to tackle the climate problem. On the other hand, IT managers are pressed to reduce the total cost of I...

Conventional wisdom among environmental economists is that the relative slopes of the marginal social benefit and marginal social cost functions determine whether a price-based or quantity-based environmental regulation leads to higher expected social welfare. We revisit the choice between price-based vs. quantity-based environmental regulation under Knightian uncertainty; that is, when uncerta...

Background Both rising healthcare costs and the global financial crisis have fueled a search for policy tools in order to avoid unsustainable future financing of essential health benefits. The scope of essential health benefits (the range of services covered) and depth of coverage (the proportion of costs of the covered benefits that is covered publicly) are corresponding variables in determini...

The USDA Farm Bill conservation programs provide landowner incentives to remove less productive and environmentally sensitive lands from agricultural production and reestablish them in natural vegetation (e.g., native grasses, trees, etc.) to achieve conservation objectives. However, removal of arable land from production imposes an opportunity cost associated with loss in revenue from commodit...

Traditional environmental theory suggests that the optimal level of a pollution emission occurs when the marginal damage created by the emissions is equal to the marginal cost of reducing the emissions. We argue that the benefits from reducing pollution should be much more broadly defined to include at least three other sources of benefits. First, we develop a game-theoretic model in which firm...

Contemporary comparisons of reusable and single-use perioperative textiles (surgical gowns and drapes) reflect major changes in the technologies to produce and reuse these products. Reusable and disposable gowns and drapes meet new standards for medical workers and patient protection, use synthetic lightweight fabrics, and are competitively priced. In multiple science-based life cycle environme...