Reality Check
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Richard D. Morgenstern is a senior fellow at Resources for the Future. He has been involved in the design and analysis of voluntary programs for more than 15 years, initially while serving in various high level positions at the U.S. Environmental Protection Agency.
William A. Pizer is a senior fellow at Resources for the Future. He has published in subjects ranging from the measurement of regulatory costs to the design of environmental policy, and was involved in the planning and evaluation of voluntary environmental programs while serving at the White House Council of Economic Advisers.