The Clean Air Act Amendments and firm investment in pollution abatement equipment

Land Economics

Volumn 80, Issue 3, 2004, Pages 433-447

  Lee, Amanda I ^a   Alm, James ^b  

^a Office of Management and Budget   (United States)

^b GEORGIA STATE UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

ATMOSPHERIC POLLUTION; COMPLIANCE; POLLUTION CONTROL; REGULATORY APPROACH;

EID: 4344616178     PISSN: 00237639     EISSN: None     Source Type: Journal    
DOI: 10.2307/3654730     Document Type: Article

References (41)

1. Alm, J., B. R. Jackson, and M. McKee. 1992. "Institutional Uncertainty and Taxpayer Compliance." The American Economic Review 82 (4): 1018-26.
2. Arrow, K. J., and A. C. Fisher. 1974. "Environmental Preservation, Uncertainty, and Irreversibility." Quarterly Journal of Economics 88 (2): 313-19.
3. Baltagi, B. H. 1995. Econometric Analysis of Panel Data. Chichester, U.K.: Wiley Publishing Co.
4. Becker, G. S. 1968. "Crime and Punishment: An Economic Analysis." The Journal of Political Economy 76 (2): 169-217.
5. Bernanke, B. S. 1983. "Irreversibility, Uncertainty, and Cyclical Investment." Quarterly Journal of Economics 98 (1): 85-106.
6. Bhargava, A., L. Franzini, and W. Narendranathan. 1982. "Serial Correlation and Fixed Effects Models." The Review of Economic Studies 49 (1): 533-49.
7. Burby, R., and R. G. Paterson. 1993. "Improving Compliance with State Environmental Regulations." Journal of Policy Analysis and Management 12 (4): 753-72.
8. Chua, D. H., P. W. Kennedy, and B. Laplante. 1992."Industry Structure and Compliance with Environmental Standards." Economics Letters 40 (2): 241-46.
9. Cukierman, A. 1980. "The Effects of Uncertainty on Investment under Risk Neutrality with Endogenous Information." The Journal of Political Economy 88 (4):462-75.
10. Deering, C. J., and S. S. Smith. 1997. Committees in Congress. 3rd. ed. Washington D.C.: CQ Press.
11. Denzau, A. T., and R. J. Mackay. 1983. "Gatekeeping and Monopoly Power of Committees." American Journal of Political Science 27 (4): 740-61.
12. Dixit, A. K., and R. S. Pindyck. 1994. Investment under Uncertainty. Princeton, N.J.: Princeton University Press.
13. Downing, P., and J. N. Kimball. 1982. "Enforcing Pollution Control Laws in the U.S." Public Choice 34 (1): 15-28.
14. Eizenstat, S. E., and D. C. Garrett III. 1984. "Clean Air Act." In The McGraw-Hill Environmental Auditing Handbook: A Guide to Corporate and Environmental Risk Management, ed. L. Lee Harrison. New York: McGraw-Hill Book Co.
15. Environmental and Natural Resources Policy Division, Congressional Research Service, Library of Congress. 1993. A Legislative History of the Clean Air Act Amendments of 1990, Vol. VI. (S. Prt. 103-38, Vol. VI).Washington, D.C.: U.S. Government Printing Office.
16. Fisher, A. C., and J. V. Krutilla. 1974. "Valuing Long Run Ecological Consequences and Irreversibilities." Journal of Environmental Economics and Management 1 (1): 96-108.
17. Fuller, D. A. 1987. "Compliance, Avoidance, and Evasion: Emissions Control under Imperfect Enforcement in Steam-Electric Generation." RAND Journal of Economics 18 (1): 124-37.
18. Gray, W. B., and R. J. Shadbegian. 1998. "Environmental Regulation, Investment Timing, and Technology Choice." The Journal of Industrial Economics 46 (3): 235-55.
19. Greene, W. H. 1993. Econometric Analysis. 2d. ed. New York: Macmillan Publishing Co.
20. Harris, R. A., and S. M. Milkis. 1996. The Politics of Regulatory Change. A Tale of Two Agencies. 2d. ed. New York: Oxford University Press.
21. Harrison, K. 1995. "Is Cooperation the Answer? Canadian Environmental Enforcement in Comparative Context." Journal of Policy Analysis and Management 14 (2): 221-44.
22. Hearing before the Subcommittee on Health and the Environment of the Committee on Energy Commerce, House of Representatives. 1989. Clean Air Act Standards (Feb. 28, 1989, Serial No. 101-6). Washington, D.C.: U.S. Government Printing Office.
23. Jaffe, A. B., S. R. Peterson, P. R. Portnoy, and R. N. Stavins. 1995. "Environmental Regulation and the Competitiveness of U.S. Manufacturing: What Does the Evidence Tell Us?" Journal of Economic Literature 33 (1):132-63.
24. Joskow, P. L., and N. L. Rose. 1985. "The Effects of Technological Change, Experience and Environmental Regulation on the Construction Cost of Coal-Burning Generating Units." RAND Journal of Economics 15 (1):1-27.
25. Judge, G. G., W. E. Griffiths, R. C. Hill, H. Lutkepohl, and T. Lee. 1985. The Theory and Practice of Econometrics. 2d. ed. New York, NY: John Wiley and Sons.
26. Levinson, A. 1996. "Environmental Regulations and Manufacturers' Location Choices: Evidence from the Census of Manufacturers." Journal of Public Economics 62 (1): 5-29.
27. Lurie, R. S. 1987. "R&D, Innovation and Environmental Regulation: The Case of Copper." American Economist 27 (1): 13-20.
28. Magat, W. A., and W. K. Viscusi. 1990. "Effectiveness of the EPA's Regulatory Enforcement: The Case of Industrial Effluent Standards." Journal of Law and Economics 33 (2): 331-60.
29. Majd, S., and R. S. Pindyck. 1987. "Time to Build, Option Value, and Investment Decisions." Journal of Financial Economics 18 (1): 7-27.
30. McDonald, R., and D. Siegel. 1986. "The Value of Waiting to Invest." Quarterly Journal of Economics 101 (4): 707-27.
31. Olson, M. K. 1994. "Political Influence and Regulatory Policy: The 1984 Drug Legislation." Economic Inquiry 32(3): 363-82.
32. Pashigian, B. P. 1984. "The Effect of Environmental Regulation on Optimal Plant Size and Factor Shares." Journal of Law and Economics 27 (1): 1-28.
33. Perry's Chemical Engineers' Handbook. 6th ed. 1984. ed. R. H. Perry and D. Green. New York: McGraw-Hill Book Co.
34. Peters, M. S., and K. D. Timmerhaus. 1991. Plant Design and Economics for Chemical Engineers. New York: McGraw-Hill Book Co.
35. Polinsky, A. M., and S. Shavell. 1979. "The Optimal Tradeoff Between the Probability and Magnitude of Fines. The American Economic Review 69 (5): 880-91.
36. Quarles, J., and W. H. Lewis, Jr. 1991. "The New Clean Air Act." American Ceramic Society Bulletin 70: 405-8.
37. Schulze, R. H. 1993. "The 20-year History of the Evolution of Air Pollution Control Legislation in the United States." Atmospheric Environment: Part B-Urban Atmosphere 27 (1): 13-22.
38. Seldon, B. J., E. Elliott, J. L. Regens, and C. G. Hunter. 1994. "The Etfect of EPA Enforcement Funding on Private-Sector Pollution-Control Investment." Applied Economics 26 (8): 949-55.
39. Smart, B. 1992. Beyond Compliance. A New Industry View of the Environment. Washington, D.C.: World Resources Institute.
40. Teisberg, E. O. 1993. "Capital Investment Strategies under Uncertain Regulation." RAND Journal of Economics 24 (4): 591-604.
41. U.S. Bureau of the Census. 1996. "Current Industrial Reports, MA200(94)-1, Pollution Abatement Costs and Expenditures, 1994." Washington, D.C.: Government Printing Office.