Accounting for stock options

Risk analysis


In 1975, Allen Kneese and Charles Schultze wrote a wise and prophetic book entitled Pollution, Prices, and Public Policy.1 In it they argue for using market-based approaches to achieve environmental goals. In passing, they discuss why such structurally sensible approaches often have difficulty gaining political support. Their answer, in part, is that the political process tends to concentrate too much on what is to be accomplished and not enough on how to accomplish it.


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: