| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w22769
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| 来源ID | Working Paper 22769
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| Evaluating Economy-Wide Benefit Cost Analyses |
| V. Kerry Smith; Min Qiang Zhao
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| 发表日期 | 2016-10-31
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| 出版年 | 2016
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| 语种 | 英语
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| 摘要 | This paper examines a new strategy for evaluating whether the size of a new environmental regulation requires that benefit cost analyses consider general equilibrium effects. Size in the context refers to both the magnitude and distribution of cost increases across sectors and the benefits attributed to the rules. Rogerson’s [2008] static, general equilibrium model describing how tax policy affects time allocations between market and non-market activities is extended to include air pollution as a non-separable element in the representative household’s preferences. The paper makes three contributions to the literature. First, the calibrated parameters of the model are used to evaluate how the introduction of air quality, as a non-separable, external influence on the household’s non-market activities, affects the conventional explanation for the labor market transition in developed economies. Second, all current CGE assessments of conventional environmental policies in the U.S. and Europe ignore the feedback effects of policies for emissions and behavior. This analysis demonstrates their importance by using an amended version of the Rogerson model to compare calibrations with and without these feedback effects. Finally, a calibrated model is used to gauge the plausibility of the benefit estimates from EPA’s partial equilibrium (PE) assessment of the recent Clean Power Plan. This analysis finds the upper limit of the PE estimates for the annual ancillary benefits of the plan (due to its effects on conventional air pollutants) is implausibly large. |
| 主题 | Microeconomics
; General Equilibrium
; Welfare and Collective Choice
; Public Economics
; Public Goods
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| URL | https://www.nber.org/papers/w22769
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/580442
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推荐引用方式
GB/T 7714 |
V. Kerry Smith,Min Qiang Zhao. Evaluating Economy-Wide Benefit Cost Analyses. 2016.
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文件名：
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w22769.pdf
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格式：
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Adobe PDF
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