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| Author: | Alberini, A. |
| Title: | Estimating an emissions supply function from accelerated vehicle retirement programs |
| Journal: | Review of Economics and Statistics
1996 : MAY, VOL. 78:2, p. 251-265 |
| Index terms: | ECONOMICS STATISTICS SUPPLY |
| Language: | eng |
| Abstract: | Local authorities and industries seeking to reduce emissions and improve air quality have shown interest in programs that offer to purchase and retire old, high-polluting vehicles. The authors analyze the results from an experimental vehicle retirement program in Delaware during which selected pre-1980 vehicle owners were offered $500 for their vehicles and surveyed about vehicle characteristics, value and use. With this unique data set, the authors estimate the relationship between the owner's reservation price and the expected remaining life of a vehicle to derive a supply curve for emissions reductions. |
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