Linkage of Tradable Permit Systems in International Climate Policy Architecture
---- Acknowledgements -----
This paper, prepared for the Harvard Project on International Climate Agreements, draws, in part, on Jaffe and Stavins (2007), which built upon previous studies by Haites and Mullins (2001), Baron and Bygrave (2002), Blyth and Bosi (2004), Baron and Philibert (2005), Ellis and Tirpak (2006), and Kruger et al. (2007). Exceptionally valuable research assistance was provided by Matthew Ranson, and our research benefitted greatly from communications with Joseph Aldy, Scott Barrett, Denny Ellerman, Robert Keohane, and David Victor. The authors are grateful to Joseph Aldy for comments on a previous version of the manuscript, but all remaining errors are our own. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.