NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Terminating Links between Emission Trading Programs

William A. Pizer, Andrew J. Yates

NBER Working Paper No. 20393
Issued in August 2014

---- 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.

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