Defensive 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

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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...

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Bibliographic Details
Main Authors:	Deschênes, Olivier, Greenstone, Michael, Shapiro, Joseph S.
Format:	Working Paper
Language:	en_US
Published:	MIT CEEPR 2012
Online Access:	http://hdl.handle.net/1721.1/71998

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