Incomplete Environmental Regulation, Imperfect Competition, and Emissions Leakage
NBER Working Paper No. 14421
---- Acknowledgements ----
The author gratefully acknowledges the University of California Energy Institute for financial support. I thank Henry Shiu (UC Davis) and David Hawkins (California ISO) for granting access to industry data. Thanks to Jim Bushnell, Don Fullerton, Larry Goulder, and seminar participants at the Canadian Resource and Environmental Economics conference, Michigan State University, the National Bureau of Economic Research, Stanford University, the Triangle Resource and Environmental Economics seminar, the University of Michigan, and the UC\ Energy Institute POWER conference for valuable comments. Two anonymous referees provided constructive suggestions and corrections. All remaining errors are mine. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.