ECONOMIC FACTORS OF INVESTMENT IN PARKING FACILITIES

This paper examines several complications in the measurement of the impact of government regulations on industry. It focuses on problems of water pollution control, but its lessons apply to almost any exogenous and discontinuous change in factor costs whether regulation induced or not. Among the problems addressed are: estimation of industry cost curves; economic criteria for identifying the technical alternatives to be included in engineering studies of regulatory impact; choice of minimum cost abatement methods; sensitivity of findings to factor price changes; managerial criteria for selection of control methods; intra-industry disaggregation of impacts; dynamic economic process of adjustment to controls. The methods demonstrated are microanalytical in nature. This paper does not examine the larger social questions regarding the effectiveness of regulation. /Author/

  • Corporate Authors:

    Pergamon Press, Incorporated

    Maxwell House, Fairview Park
    Elmsford, NY  United States  10523
  • Authors:
    • Lambe, T A
    • Risen, M I
    • Stewardson, H J
  • Publication Date: 1978

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Filing Info

  • Accession Number: 00193528
  • Record Type: Publication
  • Files: TRIS
  • Created Date: May 26 1979 12:00AM