Policy persistence in environmental regulation
| dc.contributor.author | Zhao, Jinhua | |
| dc.contributor.author | Kling, Catherine | |
| dc.contributor.department | Economics | |
| dc.contributor.department | Center for Agricultural and Rural Development | |
| dc.date | 2018-02-17T22:14:46.000 | |
| dc.date.accessioned | 2020-06-30T02:04:56Z | |
| dc.date.available | 2020-06-30T02:04:56Z | |
| dc.date.issued | 2003-01-01 | |
| dc.description.abstract | <p>We study the optimal emission standards under uncertain pollution damages and transaction costs associated with policy changes in a dynamic setting. We consider three alternative forms of transactions costs and show that they can lead to different kinds of delays of policy changes or smaller scales of these changes. Thus, policy persistence can be a rational response of forward-looking policy makers to future transaction costs, rather than an inefficient outcome of the current political process.</p> | |
| dc.description.comments | <p>This is a working paper of an article from <em>Resource and Energy Economics</em> 25 (2003): 255, doi: <a href="http://dx.doi.org/10.1016/S0928-7655(03)00031-9" target="_blank">10.1016/S0928-7655(03)00031-9</a>.</p> | |
| dc.identifier | archive/lib.dr.iastate.edu/econ_las_pubs/147/ | |
| dc.identifier.articleid | 1146 | |
| dc.identifier.contextkey | 9115201 | |
| dc.identifier.s3bucket | isulib-bepress-aws-west | |
| dc.identifier.submissionpath | econ_las_pubs/147 | |
| dc.identifier.uri | https://dr.lib.iastate.edu/handle/20.500.12876/21330 | |
| dc.source.uri | http://lib.dr.iastate.edu/cgi/viewcontent.cgi?article=1274&context=card_workingpapers | |
| dc.subject.disciplines | Agricultural and Resource Economics | |
| dc.subject.disciplines | Environmental Studies | |
| dc.subject.disciplines | Other Economics | |
| dc.subject.keywords | transaction costs | |
| dc.subject.keywords | uncertainty | |
| dc.subject.keywords | learning | |
| dc.title | Policy persistence in environmental regulation | |
| dc.type | article | |
| dc.type.genre | article | |
| dspace.entity.type | Publication | |
| relation.isOrgUnitOfPublication | 4c5aa914-a84a-4951-ab5f-3f60f4b65b3d | |
| relation.isOrgUnitOfPublication | 1a6be5f1-4f64-4e48-bb66-03bbcc25c76d |