| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w30297 |
| 来源ID | Working Paper 30297 |
| Policy Uncertainty in the Market for Coal Electricity: The Case of Air Toxics Standards | |
| Gautam Gowrisankaran; Ashley Langer; Wendan Zhang | |
| 发表日期 | 2022-08-01 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | Legislation often empowers agencies to develop rules, but legal challenges may create uncertainty, thereby increasing firm costs, delaying policy objectives, and affecting externalities. This paper investigates policy uncertainty surrounding the Mercury and Air Toxics Standard, estimating a dynamic oligopoly model of technology adoption and exit for coal electricity generators that extends moment-based Markov equilibrium. To recover annual profits, we develop estimators for ramping and operation and maintenance costs. Our estimated perceived enforcement probability fell as low as 43% in 2014. Removing policy uncertainty would increase expected discounted generator profits by $0.930 billion, but increase pollution by $0.809 to $2.206 billion. |
| 主题 | Industrial Organization ; Market Structure and Firm Performance ; Environmental and Resource Economics ; Energy ; Environment |
| URL | https://www.nber.org/papers/w30297 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/587970 |
| 推荐引用方式 GB/T 7714 | Gautam Gowrisankaran,Ashley Langer,Wendan Zhang. Policy Uncertainty in the Market for Coal Electricity: The Case of Air Toxics Standards. 2022. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w30297.pdf（510KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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