We estimate the impacts of an energy tax � the Climate Change Levy (CCL) � on the manufacturing sector using panel data from the UK production census. Our identification strategy buildson the comparison of trends in outcomes between plants subject to the CCL and plants that weregranted...

When industry compensation is offered to prevent relocation of regulated firms, efficiency requires that payments be distributed across firms so as to equalize marginal relocation probabilities, weighted by the damage caused by relocation. We formalize this fundamental economic logic and apply...