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In 1972, Oakland presented a formal theory of congestible public goods. One implication of the Oakland model is that the marginal benefit of consuming a congestible public good, like public education, depends on both the level of congestion and the capacity of provision. This study uses a...
Persistent link: https://www.econbiz.de/10011135520
Many believe that environmental regulation must reduce employment, since regulations are expected to increase production costs, raising prices and reducing demand for output. A careful microeconomic analysis shows that this not guaranteed. Even if environmental regulation reduces output in the...
Persistent link: https://www.econbiz.de/10010856013
It remains an open question whether the impact of environmental regulations differs by the size of the business. Such differences might be expected because of statutory, enforcement, and/or compliance asymmetries. Here, we consider the net effect of these three asymmetries, by estimating the...
Persistent link: https://www.econbiz.de/10010859531
Does the impact of environmental regulation differ by plant vintage and technology? We answer this question using annual Census Bureau information on 116 pulp and paper mills' vintage, technology, productivity, and pollution abatement operating costs for 1979-1990. We find a significant negative...
Persistent link: https://www.econbiz.de/10005248959
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This paper examines whether the impact of environmental regulations differs by the size of the business. We consider the net effect of statutory, enforcement, and compliance asymmetries by estimating the relationship between plant size and pollution abatement expenditures, using...
Persistent link: https://www.econbiz.de/10010869021
Did Proposition 2 1/2 affect local public education in Massachusetts? Using a panel data set on school district budgets (1972â1992), the authors find the following. School districts constrained by Proposition 2 1/2 have significantly less own-source revenue. However, constrained districts...
Persistent link: https://www.econbiz.de/10005753912
This paper examines whether the impact of environmental regulations differs by the size of the business. We consider the net effect of statutory, enforcement, and compliance asymmetries by estimating the relationship between plant size and pollution abatement expenditures, using...
Persistent link: https://www.econbiz.de/10010900520