NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Regulation, Allocation, and Leakage in Cap-and-Trade Markets for CO2

James B. Bushnell, Yihsu Chen

NBER Working Paper No. 15495
Issued in November 2009

---- Acknowledgements -----

The authors are grateful for helpful discussion and comments from Dallas Burtraw, Meredith Fowlie, Don Fullerton, Adrien Kandel, Andreas Lange, Scott Murtishaw, Charles Kolstad, Ellen Wolfe, and seminar participants at UC Berkeley, Rice University, Iowa State University, Johns Hopkins, and the NBER winter institute. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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