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 Budge...
| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | en_US |
| Published: |
MIT CEEPR
2012
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| Online Access: | http://hdl.handle.net/1721.1/71998 |