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Making Carbon Markets Work

May 2009
Policy Brief
By  Paul Milgrom
Paul Milgrom is the Shirley R. and Leonard W. Ely Jr. Professor in Humanities and Sciences. He is also co- director of the Program on Market Design at SIEPR, which supports research into the ways that the rules of an auction, exchange, or other market affect its performance. He is a member of the National Academy of Sciences, a fellow of the American Academy of Arts and Sciences, the holder of an honorary doctorate from the Stockholm School of Economics, and winner of the 2008 Nemmers Prize in economics.