Fell, Harrison; Moore, Eric; Morgenstern, Richard D. - In: International Review of Environmental and Resource Economics 5 (2011) 4, pp. 285-307
Cap and trade programs have been a commonly proposed method to regulate emissions of various pollutants. As many countries move forward with plans to regulate CO<sub>2</sub> emissions, concerns over containing the costs of such policies often arise given the relatively large scope of the programs. We...