A subset of the world's countries may wish to commit themselves to stringent emission targets in an attempt to influence other countries to follow suit, thereby bringing about a significant reduction in the threat to the global climate. Moreover, if the pioneering countries were to connect a...

Experimental methods have recently been used to evaluate environmental policy instruments, in particular – and most suitably, it seems – emissions trading programs of various designs. Some studies have focused on domestic emissions trading programs, while others have focused on international...