Emission Trading vs. Rigid Regulations in the Control of Vehicle Emissions
This paper presents the results of an empirical study of the cost savings associated with a marketable permit system for light-duty vehicles relative to the current system of uniform standards. The sensitivity of cost savings estimates to model specification are examined, including estimation approaches for obtaining cost functions, issues of the functional form of emission control cost functions, and choice of pollution variables included in the estimated cost functions. Additionally, the precision of point estimates of cost savings are explored using a simulation method for obtaining estimates of the standard errors of cost savings.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
When requesting a correction, please mention this item's handle: RePEc:uwp:landec:v:70:y:1994:i:2:p:174-188. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.