NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Understanding Overlapping Policies: Internal Carbon Leakage and the Punctured Waterbed

Grischa Perino, Robert A. Ritz, Arthur van Benthem

NBER Working Paper No. 25643
Issued in March 2019

---- Acknowledgments ----

We thank Severin Borenstein, Dallas Burtraw, Jim Bushnell, Sebastian Rausch and Herman Vollebergh for helpful comments and suggestions. The authors declare that they have no relevant or material financial interests or any other conflicts of interest that relate to the research described in this paper. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

---- Disclosure of Financial Relationships for Robert A. Ritz ----

Robert A. Ritz serves on the academic advisory panels at the Competition & Markets Authority (the UK’s competition and antitrust body) and at Ofgem (the regulator for electricity and natural gas markets in Great Britain). He is also a principal at Vivid Economics (a London-based economics consultancy). None of these organizations have supported or taken any influence on the paper.

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