Nber Working Paper Series from Fog to Smog: the Value
NBER WORKING PAPER SERIES FROM FOG TO SMOG: THE VALUE OF POLLUTION INFORMATION Panle Jia Barwick Shanjun Li Liguo Lin Eric Zou Working Paper 26541 http://www.nber.org/papers/w26541 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 December 2019, Revised January 2020 We thank Antonio Bento, Fiona Burlig, Trudy Cameron, Lucas Davis, Todd Gerarden, Jiming Hao, Guojun He, Joshua Graff Zivin, Matt Khan, Jessica Leight, Cynthia Lin Lowell, Grant Mc- Dermott, Francesca Molinari, Ed Rubin, Ivan Rudik, Joe Shapiro, Jeff Shrader, Jörg Stoye, Jeffrey Zabel, Shuang Zhang, and seminar participants at the 2019 NBER Chinese Economy Working Group Meeting, the 2019 NBER EEE Spring Meeting, the 2019 Northeast Workshop on Energy Policy and Environmental Economics, MIT, Resources for the Future, University of Alberta, University of Chicago, Cornell University, GRIPS Japan, Indiana University, University of Kentucky, University of Maryland, University of Oregon, University of Texas at Austin, and Xiamen University for helpful comments. We thank Jing Wu and Ziye Zhang for generous help with data. Luming Chen, Deyu Rao, Binglin Wang, and Tianli Xia provided outstanding research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2019 by Panle Jia Barwick, Shanjun Li, Liguo Lin, and Eric Zou. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source.
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