Defensive Investments and the Demand for Air Quality: Evidence from the NOx Budget Program
نویسندگان
چکیده
منابع مشابه
Defensive Investments and the Demand for Air Quality: Evidence from the NOx Budget Program and Ozone Regulation
Willingness to pay for air quality is a function of health and the costly defensive investments that contribute to health, but there is little research assessing the empirical importance of defensive investments. The setting for this paper is a large US emissions cap and trade market – the NOx Budget Trading Program (NBP) – that has greatly reduced NOx emissions since its initiation in 2003. Us...
متن کاملDefensive Investments and the Demand for Air Quality: Evidence from the NOx Budget Program and Ozone Reductions
Defensive Investments and the Demand for Air Quality: Evidence from the NOx Budget Program and Ozone Reductions Demand for air quality depends on health impacts and defensive investments that improve health, but little research assesses the empirical importance of defenses. We study an important cap-and-trade market, which dramatically reduced NOx emissions, a key ingredient in ozone formation....
متن کاملNber Working Paper Series Defensive Investments and the Demand for Air Quality: Evidence from the Nox Budget Program and Ozone Reductions
Willingness to pay for air quality is a function of health and the costly defensive investments that contribute to health, but there is little research assessing the empirical importance of defensive investments. The setting for this paper is a large US emissions cap and trade market – the NOx Budget Trading Program (NBP) – that has greatly reduced NOx emissions since its initiation in 2003. Us...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2017
ISSN: 0002-8282
DOI: 10.1257/aer.20131002