Environment and Energy Economics Weekly Seminar: Koichiro Ito
"The Economics of Attribute-Based Regulation: Theory and Evidence from Fuel-Economy Standards"AbstractIn many countries, fuel-economy standards mandate that vehicles meet a certain fuel economy,but heavier or larger vehicles are allowed to meet a lower standard. This has the perverseimplication of allowing automakers to meet standards either by improving fuel economy or byincreasing weight, which lowers fuel […]