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Biblioteca

09 de julio 2015
Early Exposure to Hazardous Waste and Academic Achievement: Evidence from a Case of Environmental Negligence

Abstract: This paper estimates the effect of early exposure to toxic waste on academic achievement. We analyze longitudinal information from individuals attending primary and secondary schools in Arica (northern Chile). Between 1984 and 1989, the city received more than 20,000 tons of toxic chemicals containing high concentrations of lead, arsenic, and mercury. We implement difference-in-differences […]

08 de abril 2015
The Declining Trend in Sulfur Dioxide Emissions: Implications for Allowance Prices

In this paper, we find that sulfur dioxide (SO2) emissions by electric utilities declined from 1985 to 1993 for reasons largely unrelated to the emission reduction mandate of Title IV of the 1990 Clean Air Act Amendments. The principal reason appears to be the decline in rail rates for low-sulfur western coal delivered to higher-sulfur […]

08 de abril 2015
Optimal Design of a Phase-in Emissions Trading Program

This paper studies a phase-in emissions trading program with voluntary opt-in possibilities for non-affected firms and derives optimal permits allocations to affected and opt-in firms when the environmental regulator has incomplete information on individual unrestricted emissions and control costs. The regulator faces a trade-off between production efficiency (minimization of control costs) and information rent extraction […]

08 de abril 2015
Multipollutant Markets

I study the optimal design of marketable permit systems to regulate various pollutants (e.g., air pollution in urban areas) when the regulator lives in a real world of imperfect information and incomplete enforcement. I show that the regulator should hale pollution markets integrated through optimal exchange rates when the marginal-abatement cost curves in the different […]

08 de abril 2015
Market Structure and Environmental Innovation

This paper studies firms’ incentives to invest in environmental R&D under different market structures (Cournot and Bertrand) and environmental policy instruments (emission standards, taxes, tradable permits and auctioned permits). Because of market strategic effects, R&D incentives vary widely across market structures and instruments. For example, when firms’ products are strategic substitutes (i.e., Cournot), either emission […]

04 de abril 2015
Efecto de Las Medidas de Gestión de Episodios Críticos en la Calidad del Aire en Santiago, Chile

With the goal of reducing air pollution levels on days that ventilation conditions are adverse, authorities of Santiago, Chile impose restrictions on movement of vehicles and on some industries obliging them to stop their production processes temporarily. This study measures the effect of those contingency policies on air quality, using high frequency data from monitoring […]