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This chapter applies recent research on environmental enforcement to a potential U.S. program to control greenhouse gases, especially through emission trading. Climate policies present the novel problem of integrating emissions reductions that are relatively easy to monitor (such as carbon...
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model (S-IAM), this paper predicts that a carbon tax introduced by the European Union (EU) and rebated locally can, if not …-agricultural core and by incentivizing immigration to the EU. The resulting change in the spatial distribution of economic activity …
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