Energy-saving regulations and commodity prices
AbstractThis 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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Bibliographic InfoArticle 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)
Find related papers by JEL classification:
- Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
- Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
- L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
- L64 - Industrial Organization - - Industry Studies: Manufacturing - - - Other Machinery; Business Equipment; Armaments
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