TY  - BOOK
AU  - Krutilla,Kerry
AU  - Graham,John D.
TI  - Benefit-cost analysis of air pollution, energy, and climate regulations
T2  - Cambridge elements. Elements in public economics,
SN  - 9781009189453
AV  - HC79.A4 .K7 2023
U1  - 363.7392 K.K.B 23
PY  - 2023///
CY  - Cambridge
PB  - Cambridge University Press
KW  - Air quality management
KW  - Economic aspects
KW  - Energy conservation
KW  - Climate change mitigation
N1  - Also issued in print: 2023; Includes bibliographical references; Cover -- Title page -- Copyright page -- Benefit-Cost Analysis of Air Pollution, Energy, and Climate Regulations -- Contents -- 1 Introduction -- 2 The Evolution of Regulatory Impact Analysis -- 2.1 Introduction -- 2.2 Evolution of Regulatory Impact Assessment in the United States -- 2.3 Evolution of Regulatory Impact Assessment in Europe -- 2.4 Comparing Regulatory Impact Assessment Requirements in Europe and the United States -- 3 Regulatory Cost Estimation -- 3.1 Introduction -- 3.2 Estimating Abatement Costs -- 3.3 Behavioral Effects and Partial Equilibrium Costs -- 3.4 Distorted Secondary Markets and General Equilibrium Modeling -- 3.4.1 Effects of Tax Interactions -- 3.4.2 Firm Heterogeneity and Differentiated Products -- 4 Benefits of Air, Energy, and Climate Regulations -- 4.1 Introduction -- 4.2 Benefit Valuation Pathways -- 4.3 Economic Value of Reducing Risk of Illness and Premature Death -- 4.4 Pricing Greenhouse Gas Emissions -- 4.4.1 The Social Cost of Carbon -- 4.4.2 The Target-Consistent Carbon Price -- 4.4.3 Comparison of the Two Methods -- 5 Discounting for Regulatory Evaluation -- 5.1 Introduction -- 5.2 The Market-Based CDR -- 5.3 The Ramsey Discounting Approach -- 5.4 The Social Opportunity Cost of Capital -- 5.4.1 The SOC and Weighted Cost-of-Capital Method -- 5.4.2 Shadow Price of Capital -- 5.5 On-Budget versus Off-Budget Financing -- 5.6 Dichotomizing Efficiency and Intergenerational Equity -- 6 Distributional Effects -- 6.1 Introduction -- 6.2 The Burden of Regulations on the Supply Side -- 6.3 The Burden of Regulations on Consumers -- 6.4 The Distribution of Pollution Rents -- 6.5 The Distribution of Benefits -- 7 Uncertainty Evaluation -- 7.1 Introduction -- 7.2 Uncertainty Levels -- 7.3 Methods for Addressing Parameter Uncertainty in Reasonably Well-Accepted Models -- 7.3.1 Deterministic Sensitivity Analysis; 7.3.2 Uncertainty Propagation Methods -- 7.3.3 Real Options -- 7.4 Methods When Uncertainty Is More Fundamental -- 7.4.1 Research Synthesis -- 7.4.2 Precautionary Decision Criteria and Modeling Deep Uncertainty -- 8 Conclusion -- 8.1 RIA Evolution -- 8.2 Cost Analysis -- 8.3 Benefits -- 8.4 Discounting -- 8.5 Distributional Assessment -- 8.6 Uncertainty Evaluation -- References -- Acknowledgments; Open access; Specialized
N2  - This title reviews and synthesizes the research on economic methods for evaluating regulations that improve air quality, save energy, and reduce climate risks. It also offers perspective on the relevance and limitations of current research for applied benefit-cost analysis
ER  -