Estimation of the cost of air pollution control regulation

Estimates of hydrocarbon pollution control costs under the alternative regulatory approaches of individual source or process standards, plant standards, and regionally marketable permits are presented. The estimates are obtained from data supplied by the DuPont Company based on a 1976 in-house engin...

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Bibliographic Details
Published in:Journal of environmental economics and management 1984-09, Vol.11 (3), p.244-263
Main Authors: Maloney, Michael T, Yandle, Bruce
Format: Article
Language:English
Subjects:
Air pollution
Algorithms
Cost analysis
Cost control
Estimating techniques
Outdoor air quality
Pollution control costs
Regulation
Simulation
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Summary:Estimates of hydrocarbon pollution control costs under the alternative regulatory approaches of individual source or process standards, plant standards, and regionally marketable permits are presented. The estimates are obtained from data supplied by the DuPont Company based on a 1976 in-house engineering study. The estimation procedure is unique in that the data are based on uniform percentage control across sources while the estimated cost equations allow variable control at each source. The cost simulations show that considerable cost savings are available from allowing firms more flexibility in meeting a given environmental standard. The effect of plant relocation and monopoly in the pollution permit market are also investigated.
ISSN:0095-0696
1096-0449
DOI:10.1016/0095-0696(84)90020-2