Economics at your fingertips  

Looking Back at 50 Years of the Clean Air Act

Joseph Aldy (), Maximilian Auffhammer (), Maureen Cropper (), Arthur Fraas and Richard Morgenstern ()

No 26687, NBER Working Papers from National Bureau of Economic Research, Inc

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

JEL-codes: Q53 Q54 Q58 (search for similar items in EconPapers)
Date: 2020-01
New Economics Papers: this item is included in nep-ene, nep-env and nep-hea
Note: EEE
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().

Page updated 2021-10-16
Handle: RePEc:nbr:nberwo:26687