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IsBroaderAlwaysBetter?PreexistingDistortions,EmissionsElasticities,andtheScopeofEmissionsPricingLawrenceH.Goulder,MarcA.C.Hafstead,andRobertonC.WilliamsIIIWorkingPaper24-13August2024AbouttheAuthorsLawrenceH.GoulderisProfessorofEnvironmentalandResourceEconomics,Emeritus,atStanfordUniversity.HeisalsoaResearchAssociateattheNationalBureauofEconomicResearchandaUniversityFellowofResourcesfortheFuture(RFF).MarcA.C.HafsteadisaFellowatRFF.HejoinedRFFin2013fromStanfordUniversity.HeisalsothedirectoroftheRFF’sCarbonPricingInitiative.RobertonC.WilliamsIIIisaSeniorFellowatRFF.HeisalsoaprofessorattheUniversityofMaryland,CollegeParkandaresearchassociateoftheNationalBureauofEconomicResearch.HewaspreviouslyanassociateprofessorattheUniversityofTexas,Austin;avisitingresearchscholarattheStanfordInstituteforEconomicPolicyResearch;andanAndrewW.MellonFellowattheBrookingsInstitution.AcknowledgmentsWethankDallasBurtrawandDonFullertonforearlyconversationsonthistopic.Wealsothankparticipantsatthe2023NationalTaxAssociationSpringSymposiumand2024AlliedSocialScienceAssociationsMeetingsforhelpfulcommentsandsuggestions.HafsteadthanksRFF’sCarbonPricingInitiativeforfinancialsupport.AportionofWilliams’sworkonthisprojectwassupportedbytheUSDANationalInstituteofFoodandAgriculture(Hatchproject7006024).AboutRFFResourcesfortheFuture(RFF)isanindepend...