Taxes and Trading versus Intensity Standards: Second-Best Environmental Policies with Incomplete Regulation (Leakage) or Market Power
NBER Working Paper No. 15262
---- Acknowledgements ----
Thanks to seminar participants at the University of North Carolina at Greensboro (UNCG) and the University of California Energy Institute (UCEI) and to Severin Borenstein, Don Fullerton, Garth Heutel, Jonathan Hughes, Mark Jacobsen and Chris Knittel. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.