Averting regulatory enforcement
Subtitle: evidence from new source review
By: Nathaniel Keohane, Erin T. Mansur, Andrey Voynov
Contributors: Mansur, Erin; Voynov, Andrey; National Bureau of Economic Research
Series: NBER working paper series -- working paper 13512; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 13512.
Publisher: National Bureau of Economic Research
Published: 2007
Place of publication: Cambridge, MA
Language: eng
Format: [electronic resource] :
Description: "This paper explores firms' response to regulatory enforcement.  New Source Review, a provision of the Clean Air Act, imposes stringent emissions limitations on significantly modified older power plants.  In 1999, the EPA sued owners of 46 plants for NSR violations.  We study how electricity companies respond to both the perceived threat of future action, and the action itself.  A discrete choice model estimates plants likelihood of being named in lawsuits increases with large historic emissions and investments.  On the eve of the lawsuits, emissions at plants with a one standard deviation greater probability of being sued fell approximately ten percent"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 11/1/2007.

Includes bibliographical references.

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