countries and can help to stabilize larger coalitions. We show that they can lead to lower global emissions and higher global …

in employment than the emissions tax, with roughly similar net effects. The effects on the unregulated industry suggest …

Economists have tended to view emissions pricing (e.g., cap and trade or a carbon tax) as the most cost …-effective approach to reducing greenhouse gas emissions. This paper offers a different view. Employing analytical and numerically solved …. This advantage more than offsets the disadvantages of the CES when relatively minor reductions in emissions are called for …