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- Title
COST-MINIMIZING REGULATION OF SULFUR EMISSIONS: REGIONAL GAINS IN ELECTRIC POWER.
- Authors
Gollop, Frank M.; Roberts, Mark J.
- Abstract
Abstract--Environmental regulations set maximum allowable rates for sulfur dioxide emissions from electric utilities. By ignoring firm differences in marginal abatement costs and preventing emissions trading, these standards do not minimize the cost of reducing emissions. This paper estimates marginal abatement cost functions for 56 utilities for 1973-79. Marginal costs vary substantially across firms due to differences in the price of low and high sulfur fuels and the intensity of regulation. The potential savings from a cost minimizing reallocation of abatement resources are estimated for five regions. Current expenditures are found to be 47% higher than cost minimizing levels.
- Subjects
ELECTRIC utilities; THRESHOLD limit values (Industrial toxicology); ENVIRONMENTAL regulations; SULFUR dioxide; ELECTRIC utilities &; the environment; PHYSIOLOGICAL effects of sulfur dioxide; ELECTRIC power; AIR pollution; COST effectiveness
- Publication
Review of Economics & Statistics, 1985, Vol 67, Issue 1, p81
- ISSN
0034-6535
- Publication type
Article
- DOI
10.2307/1928437