The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
Efficient Pollution Regulation: Getting the Prices Right
Abstract
This paper argues for efficient environmental regulations that equate the marginal damage of pollution to marginal abatement costs across space. The paper estimates the source-specific marginal damages of air pollution and calculates the welfare gain from making the current sulfur dioxide allowance trading program for power plants more efficient. The savings from using trading ratios based on marginal damages are between $310 and $940 million per year. The potential savings from setting aggregate emissions efficiently and from including more sources of air pollution are many times higher. (JEL H23, Q53, Q58)
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Cites
The Pure Theory of Public Expenditure
Samuelson, P. A. (1954) · The Review of Economics and Statistics · doi:10.2307/1925895 · Cited by 7,458
The value of a statistical life: A critical review of market estimates throughout the world
Viscusi, W. K., & Aldy, J. E. (2003) · Journal of Risk and Uncertainty · doi:10.1023/a:1025598106257 · Cited by 2,135
Cited by
Do Energy Efficiency Investments Deliver? Evidence from the Weatherization Assistance Program*
Fowlie, M., Greenstone, M., & Wolfram, C. (2018) · The Quarterly Journal of Economics · doi:10.1093/qje/qjy005 · Cited by 432
The design of environmental markets: What have we learned from experience with cap and trade?
Schmalensee, R., & Stavins, R. N. (2017) · Oxford Review of Economic Policy · doi:10.1093/oxrep/grx040 · Cited by 207
Martinez-Sanchez, V., Levis, J. W., Damgaard, A., DeCarolis, J. F., Barlaz, M. A., & Astrup, T. F. (2017) · Environmental Science & Technology · doi:10.1021/acs.est.6b06125 · Cited by 75
Unintended consequences of cap-and-trade? Evidence from the Regional Greenhouse Gas Initiative
Chan, N. W., & Morrow, J. W. (2019) · Energy Economics · doi:10.1016/j.eneco.2019.01.007 · Cited by 65
An assessment of two environmental and economic benefits of ‘Cash for Clunkers’
Lenski, S. M., Keoleian, G. A., & Moore, M. R. (2013) · Ecological Economics · doi:10.1016/j.ecolecon.2013.10.011 · Cited by 12
Metadata
- Authors
- Muller, N. Z., & Mendelsohn, R.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2009-12-01
- Volume
- 99
- Issue
- 5
- Pages
- 1714-1739
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W2081945180
- Cited by
- 467
- References
- 2
- FWCI
- 56.21
- Type
- journal article
- Language
- en
- Open access
- closed
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- Muller, N. Z., & Mendelsohn, R. (2009). Efficient Pollution Regulation: Getting the Prices Right. American Economic Review. https://doi.org/10.1257/aer.99.5.1714
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
