Common Tragedies

Thoughts on Environmental Economics

WaPo endorses “cap and return”?

Posted by Rich Sweeney on October 23, 2008

Which you may also know as “cap and dividend” and “cap and rebate”. Read the editorial here. Apparently the movement is still unsettled on which word for the disbursement is the most politically attractive. Any CT readers have an opinion/ preference?

For a comparison of the welfare implications of this and other carbon permit allocation schemes check out the discussion paper Dallas Burtraw, Margaret Walls and I have on the incidence of US climate policy.

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