Using a Free Permit Rule to Forecast the Marginal Abatement Cost of Proposed Climate Policy
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This paper develops a method for forecasting the marginal abatement cost (MAC) of climate policy using three features of the failed Waxman-Markey bill. First, the MAC is revealed by the price of traded permits. Second, the permit price is estimated using a regression discontinuity design (RDD)
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美国国家经济研究局创建时间：
2016-05-01
