Market-based Emissions Regulation When Damages Vary Across Sources: What Are the Gains from Differentiation?
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Fowlie thanks the Energy Instute at Haas for support under a research contract from the California Energy Commission. Muller thanks the United States Environmental Protection Agency for support under award: EPA-OPEI-NCEE-08-02. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.