Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
Please note that all times are shown in the time zone of the conference. The current conference time is: 24th Aug 2026, 01:48:13am WEST
External resources will be made available 30 min before a session starts. You may have to reload the page to access the resources.
|
Daily Overview |
| Session | |
|
Local Air Pollution Impacts Location: B131 Session Chair: Olivier Deschenes, University of California, Santa Barbara | |
    | |
Benefits, Costs, and Distributional Outcomes in an Environmental Market 1: University of California, Santa Barbara, United States of America; 2: University of California, Berkeley, United States of America We study the benefits, abatement costs, and distributional outcomes of the EPA’s NOx Budget Program, a seasonal cap-and-trade market for NOx emissions. Using a new empirical approach, we recover source-specific marginal abatement cost curves and combine them with source-specific air pollution damages to quantify market outcomes. We find that abatement costs under the market are roughly one-sixth those of an abatement-equivalent non-market policy. Despite these large differences in aggregate costs, the market and the non-market policy yield similar air quality benefits, both in overall magnitude and across demographic groups. We show that these results reflect the weak correlation between source-specific marginal damages and abatement behavior. | |