Tradable permit markets have become an increasingly popular tool to address environmental policy problems. This paper examines the performance of one particular emissions trading market, the Regional Clean Air Incentives Market (RECLAIM) that started operating in Southern California at the...

On April 4, 2007, the Federal Reserve Bank of Chicago, the National Tax Association, and the University of Illinois’s Institute of Government and Public Affairs brought together a distinguished group of state tax experts to discuss emerging trends in business taxation.