self-revelation mechanisms

The “Write Your Own Permit” Approach to Climate Mitigation

We seem to be at an impasse. Cap-and-trade seems to be in political disrepute; market-oriented economists must find it aggravating that their idea is now considered too “liberal.”  Carbon taxes give politicians cardiac arrest.  “Command and control” regulation is out of fashion. Perhaps it’s time to try something new. Here’s an alternative that has some …