This paper estimates the monetary value of cutting PM2.5, a dominant source of air pollution in China. By matching hedonic happiness in a nationally representative survey with daily air quality data according to exact dates and locations of interviews in China, we are able to estimate the...

Market-based pollution control mechanisms such as pollution levy and cap and trade have received increasing attention from both academics and practitioners. A good understanding of the optimal pollution price under these mechanisms is a premise for regulators to make sound pollution control...

Mandatory Environmental Information Disclosure (EID) programs are touted as effective supplements to traditional policy instruments in most OECD countries. However, the Chinese national EID program, which was launched in 2008, is found to be ineffective for the urban environment. Though former...