Looking Back at 50 Years of the Clean Air Act

نویسندگان

چکیده

We synthesize and review retrospective analyses of federal air quality regulations to examine the contributions Clean Air Act (CAA) vast improvements seen since 1970. Geographic heterogeneity in stringency affects emissions, public health, compliance costs, employment. Cap-and-trade has delivered greater emission reductions at lower cost than conventional mandates, yet fallen short textbook ideals. Market power also influenced CAA’s benefits costs. New benefit categories have been identified ex post, but specific technology requirements not rigorously evaluated. Comparisons aggregate costs CAA are beyond present capabilities. (JEL D61, K32, Q51, Q53, Q58)

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ژورنال

عنوان ژورنال: Journal of Economic Literature

سال: 2022

ISSN: ['2328-8175', '0022-0515', '1547-1101']

DOI: https://doi.org/10.1257/jel.20201626