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Averting Regulatory Enforcement: Evidence from New Source Review / Nathaniel Keohane, Erin T. Mansur, Andrey Voynov.
- Format:
- Book
- Author/Creator:
- Keohane, Nathaniel.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w13512.
- NBER working paper series no. w13512
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Averting Regulatory Enforcement
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2007.
- Summary:
- This paper explores firms' response to regulatory enforcement. New Source Review, a provision of the Clean Air Act, imposes stringent emissions limitations on significantly modified older power plants. In 1999, the EPA sued owners of 46 plants for NSR violations. We study how electricity companies respond to both the perceived threat of future action, and the action itself. A discrete choice model estimates plants likelihood of being named in lawsuits increases with large historic emissions and investments. On the eve of the lawsuits, emissions at plants with a one standard deviation greater probability of being sued fell approximately ten percent.
- Notes:
- Print version record
- October 2007.
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