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implementation of stage 1 and 2 LEZs, which banned the most pollution-intensive vehicles from city centers, significantly reduced PM … costs than previously estimated. …
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the discontinuities in regulation status to show that the emission performance standards led to sizeable declines in … new plants were not myopic in complying to the standards, we estimate the treatment effect close to the regulation …
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In a model where firms face a continuous choice of how much to invest in environmental innovation, we show that an ever stricter environmental policy does not always lead to ever cleaner production methods and ever lower production of polluting goods. It does so when the abatement technology is...
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