Böhringer, Christoph; Lange, Andreas; Rutherford, Thomas F. - National Bureau of Economic Research <Cambridge, Mass.> - 2010
Carbon control policies in OECD countries commonly differentiate emission prices in favor of energy-intensiveindustries. While leakage provides a efficiency argument for differential emission pricing, the lattermay be a disguised beggar-thy-neighbor policy to exploit terms of trade. Using an...