Energy-saving regulations and commodity prices

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Abstract

This paper studies how environmental regulations affect prices. We use monthly point-of-sale data in the Japanese refrigerator market and employ the hedonic approach. Our central issue of environmental regulations involve two different types: one is the energy-saving regulation by government at the leading runner approach, associated with an eco-label. The second is the non-chlorofluorocarbon regulation resulting from industry self-regulation. As a result of Box-Cox regressions, we find that these environmental regulations result in a rise in price.

Original languageEnglish
Pages (from-to)93-132
Number of pages40
JournalEnvironmental Economics and Policy Studies
Volume15
Issue number1
DOIs
Publication statusPublished - 2013 Jan 1

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Keywords

  • Box-Cox regressions
  • Environmental regulations
  • Hedonic approach
  • POS data

ASJC Scopus subject areas

  • Economics and Econometrics
  • Management, Monitoring, Policy and Law

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