A Prospect Theory Analysis of California's Initiatives in Implementation of its Zero Emission Vehicles (ZEV) Mandate1

In 1990, the state of California passed the pioneering mandate on zero emission vehicles (ZEV). This technology‐forcing regulation is aimed at improvement of air quality and protection of public health from the adverse effects of air pollutants from automobiles. Facing severe opposition from the auto industry, the mandate has been revised a number of times, most recently in 2003, whereby the requirement for ZEVs have been made to align with the pace of technology development. Review of strategies used in implementation of the mandate has revealed greater emphasis on the economic incentives for rather than on environmental merits of ZEVs. Using prospect theory as the framework for analysis, the reasons have been explored. The findings of the study help us to understand how decisions are made with respect with to deviations from a mental anchor point and through the process of evaluation of losses and gains.     

Campaign contributions in Texas Supreme Court races

One of the most disturbing features of an elective judiciary is judicial campaign finance. This paper explores the financing of the 1988 Texas Supreme Court races, probably the most expensive partisan judicial election campaign in history. It examines the sources of the funding of those six seats on the court in terms of competition among interest groups for control of the court. It also examines proposed reforms in the system of campaign finance and points out that those reforms are not neutral tools of good government, but that instead they have massive political implications for the interests vying to influence the direction of tort law in the state.     

Facing the powers that be

Lobbyists, entrenched forces in congress and self-interested friends will try to stymie Clinton's efforts. A look at four key arenas of combat.