Showing 1 - 10 of 585
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
nitrogen dioxide. The most successful air pollution regulation is associated with a modest and statistically insignificant …
Persistent link: https://www.econbiz.de/10013122696
regulation have a comparative advantage in polluting industries. Further, we address the potential problem of reverse causality …. We propose an instrument for environmental regulation based on meteorological determinants of pollution dispersion identi …...ed by the atmospheric pollution literature. We find that the effect of environmental regulation on the pattern of trade is …
Persistent link: https://www.econbiz.de/10013101512
Cap and trade programs have considerable heterogeneity in permit validity and compliance timing. For example, permits have different validity across time (e.g., banking, borrowing, and seasons) and space (e.g., zonal restrictions), and compliance timing can be annual, in overlapping cycles, or...
Persistent link: https://www.econbiz.de/10013106300
One country that tries to reduce greenhouse gas emissions may fear that other countries get a competitive advantage and increase emissions ("leakage"). Estimates from computable general equilibrium (CGE) models such as Elliott et al (2010a,b) indicate that 15% to 25% of abatement might be offset...
Persistent link: https://www.econbiz.de/10013085118
The geographical location of economic activity within the United States has important implications for carbon mitigation. If households clustered in California's cities rather than in more humid southern cities such as Memphis and Houston, then the average household carbon footprint would be...
Persistent link: https://www.econbiz.de/10013069688
The allocation of emissions allowances is among the most contentious elements of the design of cap-and-trade systems. In this paper we develop a detailed representation of the US western electricity market to assess the potential impacts of various allocation proposals. Several proposals involve...
Persistent link: https://www.econbiz.de/10013070602
A perceived advantage of cap-and-trade programs over more prescriptive environmental regulation is that enhanced …
Persistent link: https://www.econbiz.de/10013071084
Although economists cite potential gains from induced innovation as an advantage of using market-based mechanisms to protect the environment, counts of patents related to flue gas desulfurization units ('scrubbers') peaked before trading of sulfur dioxide (SO2) permits began. This paper uses...
Persistent link: https://www.econbiz.de/10013222060