This working paper, created by Denny A. Ellerman of the Massachusetts Institute of Technology, explores the consequences of cap-and-trade policies, where the total air pollutant emissions of a whole set of polluters are...
As governments begin to consider regulation of greenhouse gases, many are turning to market-based initiatives. Such programs assign emitters a certain share of emissions, and allow them to trade for emissions rights in...
This paper provides an economic analysis of a specific climate change policy: a carbon tax. The analysis attempts to gauge the potential for a carbon tax to create an incentive for research and development, and...
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