Buy coal? Deposit markets prevent carbon leakage
NBER Working Paper No. 16119
---- Acknowledgements -----
I have benefitted from the comments of Rolf Golombek, Michael Hoel, Garrett Johnson, Peter Klibanoff, Benny Moldovanu, Rob Porter, Jean Tirole, and several seminar participants. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.