List, John; Millimet, Daniel; McHone, Warren - In: Advances in Economic Analysis & Policy 4 (2004) 2, pp. 1204-1204
The Clean Air Act and its subsequent amendments have been lauded as the primary stimulant to the impressive improvement in local air quality in the US since 1970. A key component of these regulations is the New Source Review (NSR) requirement, which includes the contentious stipulation that when...