A new model is proposed for enhancing patient safety using market-based control (MBC), inspired by successful approaches to environmental governance. Emissions trading, enshrined in the Kyoto protocol, set a carbon price and created a carbon market--is it possible to set a patient safety price and let the marketplace find ways of reducing clinically adverse events? To "cap and trade," a regulat...

An auction of carbon permits is the best way to achieve carbon caps set by international negotiation to limit global climate change. To minimize administrative costs, permits would be required at the level of oil refineries, natural gas pipe lines, liquid sellers, and coal processing plants. To maximize liquidity in secondary markets, permits would be fully tradable and bankable. The government...

The profitability impacts of solvent storage are modeled for new coal and natural gas-fired power plants with amine and ammonia-based post-combustion CCS facing variable electricity prices. With perfect information of future prices, up to 3 hours of solvent storage was valuable due to price volatility at carbon prices up to $40/tonne CO2 and no regenerator undersize. With imperfect information ...

An auction of carbon permits is the best way to achieve carbon caps set by international negotiation to limit global climate change. To minimize administrative costs, permits would be required at the level of oil refineries, natural gas pipe lines, liquid sellers, and coal processing plants. To maximize liquidity in secondary markets, permits would be fully tradable and bankable. The government...

A recent strategy carried out by the aircraft industry to reduce the total cost of the new generation fighters has consisted in the development of a single airframe with different technical and operational specifications. This strategy has been designed to reduce costs in the Research, Design and Development phase with the ultimate objective of reducing the final unit price per aircraft. This i...

In estimating the cost-effectiveness of diagnostic procedures, it is helpful to treat diagnostic information as a commodity with a unit price. The amount of useful information provided by a test result can be measured in binary units (bits), and the unit price of the information produced by the test result can be expressed in dollars per bit in much the same way that the price of gold is given ...

Some choices in energy regulation, particularly those that price emissions, raise household energy prices more than others. Those choices can lead to a large variation in burden both across and within income groups because of wide variation in household energy use. The within–income group variation in burden can be particularly hard to remedy. In this paper, we review alternative welfare perspe...

Emission allowances are often distributed for free in an early phase of a cap-and-trade scheme (grandfathering) to reduce adverse effects on the profitability of firms. If the grandfathering scheme is phased out over time, firms may nevertheless relocate to countries with a lower carbon price once the competitive disadvantage of their home industry becomes sufficiently high. We show that this i...

(*See endnotes for complete contributor biographies.) Virtually all aspects of economic activity–individual consumption, business investment, and government spending–affect greenhouse gas emissions and, hence, the global climate. An effective climate change policy would change the decision calculus for these activities to promote more ef1⁄2cient generation and use of energy, lower carbon-intens...

Integrated modelling and assessment can facilitate exploration of complex socialeecological interactions and quantify trade-offs in regional policy, planning, and management options. However, there have been challenges in its acceptance and adoption for supporting decisions. Here we overcome this implementation gap through the development of an interactive online tool called the Landscape Futur...