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Abatement Strategies and the Cost of Environmental Regulation: Emission Standards on the European Car Market

Reynaert, Mathias (2021) Abatement Strategies and the Cost of Environmental Regulation: Emission Standards on the European Car Market. Review of Economic Studies. (In Press)

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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: 2021
Refereed: Yes
JEL Classification: Q5 - Environmental Economics
L5 - Regulation and Industrial Policy
Subjects: B- ECONOMIE ET FINANCE
Divisions: TSE-R (Toulouse)
Site: UT1
Date Deposited: 22 Sep 2020 07:43
Last Modified: 22 Sep 2020 07:43
["eprint_fieldname_oai_identifier" not defined]: oai:tse-fr.eu:124700
URI: http://publications.ut-capitole.fr/id/eprint/41793

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