Environmental Regulation and Product Attributes: The Case of European Passenger Vehicle Greenhouse Gas Emissions Standards
Many energy consuming consumer durable goods, such as home appliances and vehicles, are subject to energy efficiency or greenhouse gas standards. The authors show, in theory and in practice, that because of demand and supply linkages across product attributes, such standards can affect consumer welfare via a broader range of attributes than the literature has considered. The authors demonstrate these effects as part of the first retrospective analysis of European passenger vehicle standards for carbon dioxide. The standards have substantially reduced fuel consumption and emissions, but changes in other attributes undermine at least 25 percent of the welfare gains of the standards.
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Supplemental Notes:
- © 2019 Resources for the Future.
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Corporate Authors:
Resources for the Future
Washington, DC United States -
Authors:
- Lin, Yujie
- Linn, Joshua
- Publication Date: 2019-12-18
Language
- English
Media Info
- Media Type: Digital/other
- Features: Appendices; Figures; References; Tables;
- Pagination: 61p
Subject/Index Terms
- TRT Terms: Analysis; Carbon dioxide; Consumers; Fuel consumption; Greenhouse gases; Impacts; Passenger vehicles; Regulation; Standards
- Geographic Terms: Europe
- Subject Areas: Environment; Highways; Law; Planning and Forecasting; Vehicles and Equipment;
Filing Info
- Accession Number: 01742537
- Record Type: Publication
- Report/Paper Numbers: Working Paper 19-23
- Files: TRIS
- Created Date: Jun 16 2020 4:24PM