Data/hora: 02/06/2024 12:41:35

Provedor de dados: 	31	
País: 	United States	
Título: 	The Effects of Vintage-Differentiated Environmental Regulation	
Autores: 	Stavins,   Robert N.	
Data: 	2005-10-26	
Ano: 	2005	
Palavras-chave: 	Vintage-differentiated regulation; New source review; Cost-effective environmental regulation; Environmental Economics and Policy; Q580; Q550; Q520; Q530; L510.	
Resumo: 	Vintage-differentiated regulations (VDRs) are standards that are fixed with respect to the date of entry of regulated units, with later vintages facing more stringent standards. VDRs play prominent roles under major Federal, state, and local environmental laws. This paper synthesizes what is known about the effects of environmental VDRs, and develops lessons for public policy and for research. Economic theory suggests that such age-discriminatory regulations retard turnover of the capital stock, drive up the cost of environmental protection, and can increase pollution levels. Empirical studies validate theoretical predictions that VDRs delay replacement of durable goods, and thereby increase aggregate pollution abatement costs. In some cases, empirical studies also validate the perverse consequence that environmental progress is itself retarded.	
Tipo: 	Working or Discussion Paper	
Idioma: 	Inglês	
Identificador: 	18665

http://purl.umn.edu/10796	
Editor: 	AgEcon Search	
Relação: 	Resources for the Future&gt;Discussion Papers

Discussion Paper 05-12	
Formato: 	23

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