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Reynaert, Mathias
(2021)
Abatement strategies and the cost of environmental regulation: emission standards on the European car market.
The Review Of Economic Studies, vol. 88 (n° 1).
pp. 454-488.
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Abstract
This paper studies the introduction of an EU-wide emission standard on the automobile market. Using panel data from 1998-2011, I find that firms decreased emission ratings by 14%. Firms use technology adoption and gaming of emission tests to decrease emissions, rather than shifting the sales mix or downsizing. I find that the standard missed its emission target, and from
estimating a structural model, I find that the standard was not welfare improving. The political environment in the EU shaped the design and weak enforcement and resulted in firms’ choices for abatement by technology adoption and gaming.
| Item Type: | Article |
|---|---|
| Language: | English |
| Date: | January 2021 |
| Refereed: | Yes |
| Place of Publication: | Oxford, Royaume-Uni |
| Uncontrolled Keywords: | Environmental regulation, Compliance, Carbon emissions, Automobiles, Fuel economy |
| JEL Classification: | L5 - Regulation and Industrial Policy Q5 - Environmental Economics |
| Subjects: | B- ECONOMIE ET FINANCE |
| Divisions: | TSE-R (Toulouse) |
| Site: | UT1 |
| Date Deposited: | 22 Sep 2020 07:43 |
| Last Modified: | 05 Jan 2022 14:13 |
| OAI Identifier: | oai:tse-fr.eu:124700 |
| URI: | https://publications.ut-capitole.fr/id/eprint/41793 |
Available Versions of this Item
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Abatement Strategies and the Cost of Environmental Regulation: Emission Standards on the European Car Market. (deposited 05 Nov 2015 15:11)
- Abatement strategies and the cost of environmental regulation: emission standards on the European car market. (deposited 22 Sep 2020 07:43) [Currently Displayed]
