Climate Economics with Arvid Viaene

# 13 Dr. Reed Walker – Estimating the Marginal Costs and Benefits of U.S. Air Pollution Regulations

Arvid Viaene

In this episode, Berkeley professor Reed Walker discusses his American Economic Review paper with Joe Shapiro on the costs and benefits of U.S. air-pollution regulation—using Clean Air Act offset markets to infer marginal abatement costs—and why the results suggest regulation is often too lenient on the margin. We also touch on his Journal of Political Economy paper on the long-run consequences of cleaner air for children’s adult earnings. 

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