Auctioning vs. giving away permits: the central issue

The single most important market design issue facing this committee is how to allocate carbon allowances/permits.  Getting it right will have a huge influence not only on the success of the market, but also on the success of the entire effort to limit carbon emissions.  Conversely, getting it wrong will send the wrong message and [...]

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Tax Policy for the 21st Century: Resolving California’s Long-Term Structural Deficit

No one likes taxes.  Yet there is a broad consensus, dating back to at least the 1950’s, that a healthy public sector is a critical part of California’s long-term sucess.
Read More Here!  TaxPolicyin21stCentury1.pdf

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