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For an analysis of the ways in which the design of California's cap-and-trade system for greenhouse gases promotes price stability, see Bowman Cutter, M. Rhead Enion, Ann Carlson, and Cara Horowitz, Rules of the Game: Examining Market Manipulation, Gaming and Enforcement in California's Cap-and-Trade Program, Emmett Center on Climate Change and the Environment, ucla School of Law, August 2011, 24-43.
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Resources for the Future Discussion Paper, June
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Harrison Fell, Dallas Burtraw, Richard Morgenstern, Karen Palmer, and Louis Preonas, Soft and Hard Price Collars in a Cap-and-Trade System: A Comparative Analysis, Resources for the Future Discussion Paper, June 2011, 2.
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Washington, D.C.: Resources for the Future, March 15
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Harrison Fell and Robert Morgenstern, Collaring Price Volatility in a Carbon Offset Market (Washington, D.C.: Resources for the Future, March 15, 2010), http://www.rff.org/Publications/WPC/Pages/Collaring-Price-Volatility-in-a-Carbon-Offset-Market.aspx.
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