Economics Research Seminar
Strategic Policy Choice in State-Level Regulation: The EPA's Clean Power Plan
Sponsored by: Economics Department
Speaker(s): John E. Hughes, Ph.D., University of Colorado
Date & Time: Friday, Feb. 26, 2016 from 2 p.m. to 3:30 p.m.
The EPA's Clean Power Plan sets state-level 2030 goals for CO2 emission rate reductions that vary substantially across states. States can choose the regulatory mechanism they use and whether or not to join with other states in implementing their goals. We analyze incentives to adopt inecient rate standards versus efficicient CAT standards with theory and simulation. We show conditions where adoption of inecient rate standards is a dominant strategy from both consumers' and generators' perspectives. Numerical simulations of the western electricity system highlight incentives for uncoordinated policies that lower welfare and increase emissions relative to coordination.
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.
Peter B. Lewis Building, Room 118
11119 Bellflower Road
Cleveland, OH 44106-7235
Attachment: Strategic Policy Choice
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