Who Pays a Price on Carbon?
---- Acknowledgements -----
We would like to thank Don Fullerton, Matthew Kahn, Gilbert Metcalf, Peter Reiss, Margaret Walls, seminar participants, and two referees for comments. We are responsible for all errors. Grainger acknowledges financial support from the National Science Foundation, grant No. 0114437. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.