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Days of Haze: Environmental Information Disclosure and Intertemporal Avoidance Behavior / Joshua Graff Zivin, Matthew Neidell.
- Format:
- Book
- Author/Creator:
- Graff Zivin, Joshua.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w14271.
- NBER working paper series no. w14271
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Days of Haze
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2008.
- Summary:
- In this paper, we investigate the dynamics of informational regulatory approaches by analyzing the impact of smog alerts issued on consecutive days on discretionary outdoor activities in Southern California. Short-run adjustments to transitory risk entail costs that are likely to influence the set of evasive actions pursued by those at risk. Our results confirm that the cost of intertemporally substituting activities is increasing over time: when alerts are issued on two successive days, any response on the first day has largely disappeared by the second day. Small reprieves from alerts, however, reset these costs. Our findings imply that a time-varying decision rule that accounts for multiple day air quality forecasts may improve social welfare.
- Notes:
- Print version record
- August 2008.
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