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Replication data for: Defensive Investments and the Demand for Air Quality: Evidence from the NOx Budget Program

Version
V0
Resource Type
Dataset
Creator
  • Deschênes, Olivier
  • Greenstone, Michael
  • Shapiro, Joseph S.
Publication Date
2017-10-01
Description
  • Abstract

    The demand for air quality depends on health impacts and defensive investments, but little research assesses the empirical importance of defenses. A rich quasi-experiment suggests that the Nitrogen Oxides (NOx) Budget Program (NBP), a cap-and-trade market, decreased NOx emissions, ambient ozone concentrations, pharmaceutical expenditures, and mortality rates. The annual reductions in pharmaceutical purchases, a key defensive investment, and mortality are valued at about $800 million and $1.3 billion, respectively, suggesting that defenses are over one-third of willingness-to-pay for reductions in NOx emissions. Further, estimates indicate that the NBP's benefits easily exceed its costs and that NOx reductions have substantial benefits.
Availability
Download
Relations
  • Is supplement to
    DOI: 10.1257/aer.20131002 (Text)
Publications
  • Deschênes, Olivier, Michael Greenstone, and Joseph S. Shapiro. “Defensive Investments and the Demand for Air Quality: Evidence from the NOx Budget Program.” American Economic Review 107, no. 10 (October 2017): 2958–89. https://doi.org/10.1257/aer.20131002.
    • ID: 10.1257/aer.20131002 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12

Deschênes, Olivier; Greenstone, Michael; Shapiro, Joseph S. (2017): Replication data for: Defensive Investments and the Demand for Air Quality: Evidence from the NOx Budget Program. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E112938