Replication data for: Defensive Investments and the Demand for Air Quality: Evidence from the NOx Budget Program
Principal Investigator(s): View help for Principal Investigator(s) Olivier Deschênes; Michael Greenstone; Joseph S. Shapiro
Version: View help for Version V1
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| dgs_replication_files | 10/12/2019 12:57:AM | ||
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text/plain | 14.6 KB | 10/11/2019 08:57:PM |
Project Citation:
Deschênes, Olivier, Greenstone, Michael, and Shapiro, Joseph S. Replication data for: Defensive Investments and the Demand for Air Quality: Evidence from the NOx Budget Program. Nashville, TN: American Economic Association [publisher], 2017. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E112938V1
Project Description
Summary:
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The demand for air quality depends on health impacts and defensive investments, but little research assesses the empirical importance of defenses. A rich quasi-experiment suggests that the Nitrogen Oxides (NOx) Budget Program (NBP), a cap-and-trade market, decreased NOx emissions, ambient ozone concentrations, pharmaceutical expenditures, and mortality rates. The annual reductions in pharmaceutical purchases, a key defensive investment, and mortality are valued at about $800 million and $1.3 billion, respectively, suggesting that defenses are over one-third of willingness-to-pay for reductions in NOx emissions. Further, estimates indicate that the NBP's benefits easily exceed its costs and that NOx reductions have substantial benefits.
Scope of Project
JEL Classification:
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I12 Health Behavior
Q51 Valuation of Environmental Effects
Q53 Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
Q58 Environmental Economics: Government Policy
I12 Health Behavior
Q51 Valuation of Environmental Effects
Q53 Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
Q58 Environmental Economics: Government Policy
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