Energy-saving regulations and commodity prices
Toshihiro Okubo ()
Environmental Economics and Policy Studies, 2013, vol. 15, issue 1, 93-132
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
Keywords: Hedonic approach; POS data; Environmental regulations; Box–Cox regressions; Q51; Q48; L51; L64 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:spr:envpol:v:15:y:2013:i:1:p:93-132
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