Replication data for: The Effects of Regulation in the Presence of Multiple Unpriced Externalities: Evidence from the Transportation Sector

Principal Investigator(s): View help for Principal Investigator(s) Antonio Bento; Daniel Kaffine; Kevin Roth; Matthew Zaragoza-Watkins

Version: View help for Version V1

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Project Citation:

Bento, Antonio, Kaffine, Daniel, Roth, Kevin, and Zaragoza-Watkins, Matthew. Replication data for: The Effects of Regulation in the Presence of Multiple Unpriced Externalities: Evidence from the Transportation Sector. Nashville, TN: American Economic Association [publisher], 2014. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-13. https://doi.org/10.3886/E114867V1

Project Description

Summary: In transportation systems with unpriced congestion, allowing single-occupant low-emission vehicles in high-occupancy vehicle (HOV) lanes to encourage their adoption exacerbates congestion costs for carpoolers. The resulting welfare effects of the policy are negative, with environmental benefits overwhelmingly dominated by the increased congestion costs. Exploiting the introduction of the Clean Air Vehicle Stickers policy in California with a regression discontinuity design, our results imply a best-case cost of $124 per ton of reductions in greenhouse gases, $606,000 per ton of nitrogen oxides reduction, and $505,000 per ton of hydrocarbon reduction, exceeding those of other options readily available to policymakers.

Scope of Project

JEL Classification:
      D62 Externalities
      L51 Economics of Regulation
      L62 Automobiles; Other Transportation Equipment; Related Parts and Equipment
      Q51 Valuation of Environmental Effects
      Q54 Climate; Natural Disasters and Their Management; Global Warming
      R41 Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
      R48 Transportation Economics: Government Pricing and Policy

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V1 [2019-10-13]

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