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Energy-saving regulations and commodity prices

  • Toshihiro Okubo

    ()

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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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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