Showing 1 - 10 of 482
In recent years, cases in which state governments chose to override federal environmental regulation with tighter … paper argues that this change arose at least in part because of a shift in the type of regulation used at the federal level …, from command-and-control regulation toward more incentive-based regulation. Under an incentive-based federal regulation, a …
Persistent link: https://www.econbiz.de/10013141265
policies so that states that desire more strict regulation authorize, while other states remain under the federal program. We … then test this hypothesis using data on federal regulation of water pollution and of hazardous waste, which are two of the …
Persistent link: https://www.econbiz.de/10012759960
The economics of environmental federalism identifies two book-end departures from the first-best, which equates …
Persistent link: https://www.econbiz.de/10013095182
Fourteen U.S. states recently pledged to adopt limits on greenhouse gases (GHGs) per mile of light-duty automobiles. Previous analyses predicted this action would significantly reduce emissions from new cars in these states, but ignored possible offsetting emissions increases from policy-induced...
Persistent link: https://www.econbiz.de/10013156421
Federal action addressing climate change is likely to emerge either through new legislation or via the U.S. EPA's authority under the Clean Air Act. The prospect of federal action raises important questions regarding the interconnections between federal efforts and state-level climate policy...
Persistent link: https://www.econbiz.de/10013141859
Most US federal environmental policies allow states to assume responsibility for implementation and enforcement of regulations; states with this responsibility are referred to as "authorized'' or having "primacy.'' Although such decentralization may have benefits, it may also have costs with...
Persistent link: https://www.econbiz.de/10013324152
This paper tests whether differences across states in pollution regulation affect the location of manufacturing … index of state environmental laws. A significant connection is found: states with more stringent environmental regulation …, gets similar coefficients. This raises the possibility that differences between states other than environmental regulation …
Persistent link: https://www.econbiz.de/10013218096
Seminal work by Weitzman (1974) revealed prices are preferred to quantities when marginal benefits are relatively flat compared to marginal costs. We extend this comparison to indexed policies, where quantities are proportional to an index, such as output. We find that policy preferences hinge...
Persistent link: https://www.econbiz.de/10012759315
Tradable performance standards are widely used sectoral regulatory policies. Examples include the US lead phasedown, fuel economy standards for automobiles, renewable portfolio standards, low carbon fuel standards, and—most recently—China’s new national carbon market. At the same time,...
Persistent link: https://www.econbiz.de/10014089541
This paper describes a novel approach to estimating the marginal cost of air pollution regulation, then applies it to … estimates. Some evidence suggests that using price rather than existing quantity regulation in these markets may increase social …
Persistent link: https://www.econbiz.de/10014089629