Terminating Links between Emission Trading Programs
---- Acknowledgments ----
Useful comments on earlier drafts were provided by workshop participants at the AERE Summer Meetings in Banff, the Duke Sanford Seminar Series, the Harvard Regulatory Policy Program, Cambridge University, and the London School of Economics. We thank John Agan and Rob Stavins for useful conversations about termination provisions in existing linking agreements, and Carl Yin for research assistance with an early version of this work. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.