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This essay revisits the question of instrument choice for the regulation of externalities in the context of climate change. The central point is that the Pigouvian prescription to equate marginal control costs with the expected marginal benefits of damage reduction should guide the design of...
Persistent link: https://www.econbiz.de/10013139280
Using the most comprehensive data file ever compiled on air pollution, water pollution, environmental regulations, and … air pollution regulations were effective at reducing ambient concentrations of particulate matter, sulfur dioxide, and … nitrogen dioxide. The most successful air pollution regulation is associated with a modest and statistically insignificant …
Persistent link: https://www.econbiz.de/10013122696
the country level with data on pollution intensity at the industry level to show that countries with laxer environmental …. 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
pollution issues. Based on a principal-agent framework, we present evidence consistent with the hypothesis that both the central …
Persistent link: https://www.econbiz.de/10013064398
Public policies for pollution control, including climate change policies, sometimes allow polluters in one sector … subject to an emissions cap to offset excessive emissions in that sector with pollution abatement in another sector. The … allowing offsets may increase pollution abatement and reduce illegal pollution, even if the government has a fixed enforcement …
Persistent link: https://www.econbiz.de/10013068478
technologies which reduce the cost of pollution abatement. The innovating firm can patent this innovation and use a licensing fee … a pollution tax or a marketable permit. However, the returns to the innovator from innovation are not the same under the …
Persistent link: https://www.econbiz.de/10013069351
to environmentally sensitive industries increases output and pollution emissions. We examine the environmental effects of … pollution emissions if resources are moved to an industry for which emissions intensity is high enough to overcome the reduction …
Persistent link: https://www.econbiz.de/10013152667
In our analytical general equilibrium model where two polluting inputs can be substitutes or complements in production, we study the effects of a tax on one pollutant in two cases: one where both pollutants face taxes and the second where the other pollutant is subject to a permit policy. In...
Persistent link: https://www.econbiz.de/10013050157
China's environmental regulators have sought to reduce the Yangtze River's water pollution. We document that this …, the regulation has focused on reducing one dimension of water pollution called chemical oxygen demand (COD). Thus, local …
Persistent link: https://www.econbiz.de/10012985199
measures of air pollution such as SO2 concentrations. Perceptions that WTO panel rulings have interfered with the ability of …
Persistent link: https://www.econbiz.de/10013217954