Economics Research Seminar

The Effects of Regulation in the Presence of Multiple Unpriced Externalities

Sponsored by: Economics Department

Speaker(s): Antonio Bento, Ph.D., Cornell University

Date & Time: Sep 25, 2013 2 PM - 3:30 PM

Title:  The Effects of Regulation of Multiple Unpriced Externalities:  Evidence from the Transportation Sector

Abstract

In transportation systems with unpriced congestion, allowing single-occupant low-emission vehicles in high occupancy vehicle (HOV) lanes to encourage their adoption exacerbates congestion costs for carpoolers. The resulting welfare effects of the policy are negative, with environmental benefits overwhelmingly dominated by the increased congestion costs. Exploiting the introduction of the Clean Air Vehicle Stickers policy in California with a regression
discontinuity design, our results imply a best-case cost of $124 per ton of reductions in greenhouse gases, $606,000 dollars per ton of nitrogen oxides reduction, and $505,000 dollars per ton of hydrocarbon reduction, exceeding those of other options readily available to policymakers.

Please join the Economics Department for a research seminar.  This event is open to all Case Western Reserve University faculty, Ph.D. students, economic majors and minors, and those interested in economics research.
 
Contact Information:
Teresa Kabat
teresa.kabat@case.edu
216.368.4110
 

Location
Peter B. Lewis Building, Room 401
11119 Bellflower Road
Cleveland, OH 44106-7235
United States