The Unseen Costs of Blue Skies: Pollutant Substitution and Biodiversity Loss
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Incomplete performance metrics distort incentives. Exploiting the staggered roll-out of Chinas national air monitoring network, we document a pollutant substitution effect: PM. fell significantly, yet O surged. We trace this to strategic behavior: facing binding PM. targets, local governments
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美国国家经济研究局创建时间：
2026-04-01
