The demand for air quality depends on health impacts and defensive investments that improvehealth, but little research assesses the empirical importance of defenses. We study the NOxBudget Program (NBP), an important cap-and-trade market for nitrogen oxides (NOx) emissions,a key ingredient in...

Demand for air quality depends on health impacts and defensive investments that improve health, but little research assesses the empirical importance of defenses. We study an important cap-and-trade market, which dramatically reduced NOx emissions, a key ingredient in ozone formation. A rich...

We examine the effects of total suspended particulates (TSPs) air pollution on infant health using the air quality improvements induced by the 1970 Clean Air Act Amendments (CAAA). This legislation imposed strict regulations on industrial polluters in nonattainment' counties with TSPs...

Willingness to pay for air quality is a function of health and the costly defensive investments that contribute to health, but there is little research assessing the empirical importance of defensive investments. The setting for this paper is a large US emissions cap and trade market - the NOx...

The demand for air quality depends on health impacts and defensive investments, but little research assesses the empirical importance of defenses. A rich quasi-experiment suggests that the Nitrogen Oxides (NO_x) Budget Program (NBP), a cap-and-trade market, decreased NO_x emissions, ambient ozone...