Jacobsen, Mark R.; Sallee, James M.; Shapiro, Joseph S.; … - National Bureau of Economic Research - 2022
What is a feasible and efficient policy to regulate air pollution from vehicles? A Pigouvian tax is technologically … infeasible. Most countries instead rely on exhaust standards that limit air pollution emissions per mile for new vehicles. We … transportation, and counterfactual policies. We show that the air pollution emissions per mile of new US vehicles has fallen …