NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Carbon Taxes vs. Cap and Trade: A Critical Review

Lawrence H. Goulder, Andrew Schein

NBER Working Paper No. 19338
Issued in August 2013

---- Acknowledgements -----

We are grateful to Terry Dinan, Dennis Ellerman, David Harrison, Ken Judd, Suzi Kerr, Charles McLure, Gib Metcalf, Richard Newell, Paul Schwartz, Robert Stavins, Jon Strand, and Michael Wara for helpful suggestions and to Anuradha Sivaram and Xiaoling Zhou for research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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