Defensive Investments and the Demand for Air Quality: Evidence from the NOx Budget Program and Ozone Reductions
The economic costs of environmental regulations have been widely debated since the U.S. began to restrict pollution emissions more than four decades ago. Using detailed production data from nearly 1.2 million plant observations drawn from the 1972-1993 Annual Survey of Manufactures, we estimate the...
| Main Authors: | , , |
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| Format: | Working Paper |
| Published: |
Cambridge, MA: Department of Economics, Massachusetts Institute of Technology
2012
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| Subjects: | |
| Online Access: | http://hdl.handle.net/1721.1/72655 |