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dc.contributor.authorLange, Ian-
dc.contributor.authorLinn, Joshua-
dc.description.abstractNew Source Review (NSR) is a Clean Air Act regulation that requires electric utilities to meet emission standards when making modifications to existing power plants. The regulation increases the cost of replacing worn out parts, and limits the firm's scope of potential capital investments. Such restrictions may lead to greater retirements and lower utilization, adversely affecting profits. Prior to the 2000 presidential election, investors expected Bush to have a narrower interpretation of NSR than Gore. Therefore, we use changes in stock prices to estimate the effect on profits of differences in NSR policy. Our results indicate that investors expected the average boiler to be $38 million more valuable under the Bush administration. Over the boilers' lifetimes, the additional utilization will have increased emissions by 19 million tons of sulfur dioxide, 5.9 million tons of nitrogen oxides and 980 million tons of carbon dioxide, relative to natural gas generation.en_UK
dc.relationLange I & Linn J (2008) Bush v. Gore and the effect of New Source Review on power plant emissions, Environmental and Resource Economics, 40 (4), pp. 571- 591.-
dc.rightsThe publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.-
dc.subjectEvent windowen_UK
dc.subjectNew source reviewen_UK
dc.subjectCoal power plantsen_UK
dc.subjectAir pollutionen_UK
dc.titleBush v. Gore and the effect of New Source Review on power plant emissionsen_UK
dc.typeJournal Articleen_UK
dc.rights.embargoreasonThe publisher does not allow this work to be made publicly available in this Repository therefore there is an embargo on the full text of the work.-
dc.citation.jtitleEnvironmental and Resource Economics-
dc.type.statusPublisher version (final published refereed version)-
dc.contributor.affiliationUniveristy of Illinois-
Appears in Collections:Economics Journal Articles

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