Maria, Corrado Di; Lange, Ian; Werf, Edwin van der - Fondazione ENI Enrico Mattei (FEEM) - 2012
This paper presents the first empirical test of the green paradox hypothesis, according to which well-intended but imperfectly implemented policies may lead to detrimental environmental outcomes due to supply side responses. We use the introduction of the Acid Rain Program in the U.S. as a case...