Workshop Participant List

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Harvard Workshop on the Economics of the Clean Air Act in commemoration of the 50th Anniversary of the Act Joseph Aldy and Robert Stavins, Co-Chairs Harvard Kennedy School, January 8, 2021 1:00 – 4:00 pm (U.S. Eastern Time) Participants Joseph Aldy Meredith Fowlie Professor of the Practice of Public Associate Professor and Class of 1935 Policy Endowed Chair in Energy Harvard Kennedy School Department of Agricultural and Resource Economics Dallas Burtraw University of California, Berkeley Darius Gaskins Senior Fellow Resources for the Future Joseph Goffman Executive Director Karen Clay Environmental and Energy Law Program Professor of Economics and Public Harvard Law School Policy Carnegie-Mellon University John Graham Professor Jonathan Colmer O'Neill School of Public and Assistant Professor of Economics Environmental Affairs University of Virginia Indiana University Maureen Cropper Distinguished University Professor Michael Greenstone Department of Economics Milton Friedman Distinguished Service University of Maryland Professor in Economics University of Chicago Janet Currie Henry Putnam Professor of Economics James Hammitt and Public Affairs Professor of Economics and Decision Princeton University Sciences Harvard T.H. Chan School of Public Tatyana Deryugina Health Associate Professor of Finance Gies College of Business Paul Joskow University of Illinois at Urbana- Elizabeth and James Killian Professor Champaign of Economics, Emeritus Massachusetts Institute of Technology Nathaniel Keohane Karen Palmer Senior Vice President Senior Fellow Environmental Defense Fund Resources for the Future Matt Kotchen Richard Schmalensee Professor of Economics Howard W. Johnson Professor of Yale School of the Environment Management and Professor of Economics, Emeritus Al McGartland Massachusetts Institute of Technology Director, National Center for Environmental Economics Robert Stavins U.S. Environmental Protection Agency A.J. Meyer Professor of Energy and Kyle Meng Economic Development Associate Professor Harvard Kennedy School Bren School of Environmental Science and James Stock Management Harold Hitching Burbank Professor of University of California, Santa Barbara Political Economy Harvard University Nicholas Muller Lester and Judith Lave Development Robert Stowe Chair in Economics, Engineering, Executive Director and Public Policy Harvard Environmental Economics Program Tepper School of Business Harvard Kennedy School Carnegie Mellon University .

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Evidence from the Nox Budget Program†
American Economic Review 2017, 107(10): 2958–2989 https://doi.org/10.1257/aer.20131002 Defensive Investments and the Demand for Air Quality: Evidence from the NOx Budget Program† By Olivier Deschênes, Michael Greenstone, and Joseph S. Shapiro* The demand for air quality depends on health impacts and defensive investments, but little research assesses the empirical importance of defenses. A rich quasi-experiment suggests that the Nitrogen Oxides NO Budget Program NBP , a cap-and-trade market, decreased ( x) ( ) NOx emissions, ambient ozone concentrations, pharmaceutical expenditures, and mortality rates. The annual reductions in pharmaceutical purchases, a key defensive investment, and mortality are valued at about $800 million and $1.3 billion, respectively, suggesting that defenses are over one-third of willingness-to-pay for reductions in NOx emissions. Further, estimates indicate that the NBP’s benefits easily exceed its costs and that NOx reductions have substantial benefits. JEL I12, Q51, Q53, Q58 ( ) Willingness to pay WTP for well-being frequently depends on factors that ( ) enter the utility function directly e.g., the probability of mortality, school qual- ( ity, local crime rates, etc. and compensatory investments that help to determine ) these factors Grossman 1972 . In a wide variety of contexts, the empirical litera- ( ) ture has almost exclusively focused on the direct effects e.g., health outcomes of ( ) these factors and left the defensive investments largely unmeasured. As examples, there has been little effort to measure: the use of medications or air filters to protect against poor air quality e.g., Chay and Greenstone 2003; Currie and Neidell 2005 ; ( ) parental expenditures on supplemental tutoring to improve educational outcomes for their children; or the costs of alarm systems and additional security to protect against crime.
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Henry Aaron, Brookings Insitution Gilbert Metcalf, Tufts University
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Michael Greenstone
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Identifying Agglomeration Spillovers: Evidence from Winners and Losers of Large Plant Openings
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Ishan Brownell Nath 404-790-0361 [email protected] Ishannath.Com
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Amir S. Jina Curriculum Vitae
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