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Energy-saving regulations and commodity prices

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  • Toshihiro Okubo

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Abstract

This paper studies how environmental regulations affect prices. We use monthly point-of-sale data in the Japanese refrigerator market and employ the hedonic approach. Our central issue of environmental regulations involve two different types: one is the energy-saving regulation by government at the leading runner approach, associated with an eco-label. The second is the non-chlorofluorocarbon regulation resulting from industry self-regulation. As a result of Box–Cox regressions, we find that these environmental regulations result in a rise in price. Copyright Springer 2013

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File URL: http://hdl.handle.net/10.1007/s10018-012-0041-7
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Bibliographic Info

Article provided by Society for Environmental Economics and Policy Studies - SEEPS in its journal Environmental Economics and Policy Studies.

Volume (Year): 15 (2013)
Issue (Month): 1 (January)
Pages: 93-132

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Handle: RePEc:spr:envpol:v:15:y:2013:i:1:p:93-132

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Related research

Keywords: Hedonic approach; POS data; Environmental regulations; Box–Cox regressions; Q51; Q48; L51; L64;

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  1. Wilson, William W., 1984. "Hedonic Prices In The Malting Barley Market," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 9(01), July.
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  4. Michele M. Veeman, 1987. "Hedonic Price Functions for Wheat in the World Market: Implications for Canadian Wheat Export Strategy," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 35(3), pages 535-552, November.
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  14. Sudip Chattopadhyay, 1999. "Estimating the Demand for Air Quality: New Evidence Based on the Chicago Housing Market," Land Economics, University of Wisconsin Press, vol. 75(1), pages 22-38.
  15. Blamey, R. K. & Bennett, J. W. & Louviere, J. J. & Morrison, M. D. & Rolfe, J., 2000. "A test of policy labels in environmental choice modelling studies," Ecological Economics, Elsevier, vol. 32(2), pages 269-286, February.
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