Preface / William A. Fischel -- A pure theory of local expenditures (1956) / Charles M. Tiebout -- Footloose at fifty : an introduction to the Tiebout anniversary essays / William A. Fischel -- The many faces of the Tiebout Model / Wallace E. Oates -- Commentary / Robert Inman -- California's...

New infrastructure projects may affect CO2 emissions and, thus, cost benefit analyses for these projects require a value to apply for CO2. This may be based on the marginal social cost of emissions or on the carbon price resulting from present and future policies. This paper argues that both...