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The Cost of Developing Site-Specific Environmental Regulations: Evidence from EPA's Project XL AgEcon
Blackman, Allen; Mazurek, Janice V..
The flagship of the Environmental Protection Agency's regulatory reinvention initiative, Project XL has been touted as a "regulatory blueprint" for a site-specific, performance-based pollution control system. But widespread complaints about the costs of the program beg the question of whether the costs of tailoring regulations to individual facilities are manageable. To address this question, this paper presents original survey data on a sample of 11 XL projects. We find that the fixed costs of putting in place XL agreements are substantial, averaging over $450,000 per firm. While stakeholder negotiations are widely cited as the principal source for these costs, we find that they actually arise mainly from interaction between participating facilities and...
Tipo: Working or Discussion Paper Palavras-chave: Project XL; Site-specific regulation; Tailored regulation; Voluntary regulation; Transactions costs; Regulatory reform and reinvention; Environmental Economics and Policy.
Ano: 1999 URL: http://purl.umn.edu/10844
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Intel's XL Permit: A Framework for Evaluation AgEcon
Boyd, James; Krupnick, Alan J.; Mazurek, Janice V..
The paper develops a framework to evaluate permits granted to firms under the Environmental Protection Agency's Project XL -- with emphasis on the novel air permit granted to the Intel Corporation. We describe the permit, the process that created it, and the types of costs and benefits likely to arise from this type of "facility-specific" regulatory arrangement. Among other things, the paper describes the permit's impact on environmental quality, production costs, transaction costs, and Intel's strategic market position. The paper also considers how an estimate of the costs and benefits -- both to Intel and society -- might be estimated. While facility-specific regulation typically conjures images of production cost savings as processes are re-engineered...
Tipo: Working or Discussion Paper Palavras-chave: Project XL; Tailored regulation; Environmental regulation; Cost-benefit analysis; Research and Development/Tech Change/Emerging Technologies; L51; Q28; L63; K32.
Ano: 1998 URL: http://purl.umn.edu/10666
Registros recuperados: 2
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