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Impacts of the Clean Air Act on the Power Sector from 1938-1994: Anticipation and Adaptation

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NBER2021-06-01 更新2025-01-04 收录
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This paper provides the first assessment of the plant-level productivity impacts of the 1970 Clean Air Act (CAA) that accounts for anticipatory responses. A simple theoretical framework is used to illustrate how credible signals of future regulatory actions can induce firms to make anticipatory

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2021-06-01
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