Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/226321 
Year of Publication: 
2020
Series/Report no.: 
CESifo Working Paper No. 8619
Publisher: 
Center for Economic Studies and Ifo Institute (CESifo), Munich
Abstract: 
The environmental regulations US firms are exposed to are often place-based, incentivizing firms to move to less regulated counties or states. Consistent with this argument, multiplant firms partially regulated under the ozone regulations of the US Clean Air Act offset regulation-induced reductions among regulated plants with spillovers to unregulated plants and by moving plants out of regulated areas. Taken together, these leakage effects fully offset emissions reductions at regulated plants. Effects are strongest among highly productive firms and those operating in tradable industries.
Subjects: 
emissions leakage
aggregate effects of regulation
environmental economics
Clean Air Act
industrial emissions
JEL: 
Q52
Q58
H32
R32
Document Type: 
Working Paper
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