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- Title
Energy-saving regulations and commodity prices.
- Authors
Okubo, Toshihiro
- Abstract
This paper studies how environmental regulations affect prices. We use monthly point-of-sale data in the Japanese refrigerator market and employ the hedonic approach. Our central issue of environmental regulations involve two different types: one is the energy-saving regulation by government at the leading runner approach, associated with an eco-label. The second is the non-chlorofluorocarbon regulation resulting from industry self-regulation. As a result of Box-Cox regressions, we find that these environmental regulations result in a rise in price.
- Subjects
ENERGY policy laws; ENVIRONMENTAL regulations; PRICES; DELEGATED legislation; HEDONISTIC consumption; REGRESSION analysis; CHLOROFLUOROCARBONS; REFRIGERATORS
- Publication
Environmental Economics & Policy Studies, 2013, Vol 15, Issue 1, p93
- ISSN
1432-847X
- Publication type
Article
- DOI
10.1007/s10018-012-0041-7