In this study, we estimate the degree and scope of PM2.5-induced negative price shock in Korea’s local housing markets, taking a 2SLS hedonic approach. For the analysis, we constructed a 5-year panel data set of Korea’s 110 city and county level municipalities between 2012 and 2016, and...

We estimate the potential synergy between pollution and climate control in the U.S. and China, summarizing the results as emissions cross-elasticities of control. In both countries, ancillary carbon reductions resulting from SO2 and NOx control tend to rise with the increased stringency of...