law and economics

Carbon Offset

1) The idea that companies or individuals can neutralize the effect of their pollution by investing in pollution reduction efforts in other parts of the world. 2) A financial instrument whose purchase is aimed at the reduction of greenhouse gases. One carbon offset generally pays for the reduction of one metric ton of carbon dioxide or other greenhouse gases.    

American Recovery and Reinvestment Act of 2009

Also known as the Stimulus Package or Recovery Act, a federal law intended to jumpstart the struggling economy by creating new jobs and saving existing ones, spurring investment, and fostering accountability and transparency in government spending. The package contained extensive funding for science, engineering research, and infrastructure, and smaller amounts for education, social sciences, and the arts. The Act has its own website, www.recovery.gov.

Commerce

In 15 U.S.C. §1127:

 1) The exchanging, buying, or selling of things having economic value between two or more entities, for example goods, services, and money.  Commerce is often done on a large scale, typically between individuals, businesses, or nations.  

 2) The Lanham Act (trademark) provides that a mark is all be deemed to be in "use in commerce"

   (1) on goods when: 

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