Regulatory Standards and Emissions-Reducing R & D

Dartmouth College Working Paper 95-12

Posted: 20 May 1998

See all articles by John T. Scott

John T. Scott

Dartmouth College - Department of Economics

Date Written: June 1995

Abstract

Estimation supports a theoretical role for emissions standards: to reduce negative externalities caused by hazardous air emissions, government can set standards that cause firms to accept the uncertainty of R & D. The paper uses primary data about manufacturers' emissions-reducing process R & D. Responses to a questionnaire--mailed to the companies in the Business Week R & D Scoreboard sample for 1993--provide the new data about R & D to reduce the toxic air emissions of chemicals targeted in Title III of the 1990 Clean Air Act. The companies' emissions-reducing R & D investments increase in response to Schumpeterian competition in the context of emissions regulation.

JEL Classification: O31, O32, O38, L13, L51, K32

Suggested Citation

Scott, John T., Regulatory Standards and Emissions-Reducing R & D (June 1995 ). Dartmouth College Working Paper 95-12, Available at SSRN: https://ssrn.com/abstract=4015

John T. Scott (Contact Author)

Dartmouth College - Department of Economics ( email )

Hanover, NH 03755
United States

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