The Economics of Attribute-Based Regulation: Theory and Evidence from Fuel Economy Standards
The Economics of Attribute-Based Regulation: Theory and Evidence from Fuel Economy Standards
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基于属性的监管的经济学:来自燃油经济性标准的理论和证据
DOI:
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发表时间:
2014
影响因子:
8
通讯作者:
J. Sallee
中科院分区:
文献类型:
--
作者:
Koichiro Ito;J. Sallee
Abstract We study attribute-based regulations, under which regulatory compliance of a firm, product, or individual depends on a secondary attribute that is not the intended target of the regulation. We develop a theoretical model of the welfare consequences of attribute basing, including its distortionary costs and potential benefits. We then quantify these welfare consequences using quasi-experimental evidence from weight-based fuel economy regulations.We use bunching analysis to showthat vehicle weight increased in response to regulation. We also leverage a policy change and develop a new method for analyzing double-notched policies to compare the costs and benefits of a specific attribute-based policy.
DOI:
10.1093/qje/qjr013
发表时间:
2011-05-01
期刊:
The quarterly journal of economics
影响因子:
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作者:
Chetty R;Friedman JN;Olsen T;Pistaferri L
通讯作者:
Pistaferri L