The level and distribution of the costs of tradable allowance schemes are important determinants of whether the regulation is ultimately enacted. Theoretical and simulation models have shown that updating allowance allocations based on firm emissions or output can improve the efficiency of the...

The level and distribution of the costs of tradable allowance schemes are important determinants of whether the regulation is ultimately enacted. Theoretical and simulation models have shown that updating allowance allocations based on firm emissions or output can improve the efficiency of the...

The number of U.S. coal-red power plants declined by nearly 250 between 2001 and 2018. Given that burning coal generates large amounts of particulate matter is known to have adverse health effects, closure of coal-red power plants should improve local air quality. Using spatial panel data from...