Energy-saving regulations and commodity prices

Research output: Contribution to journalArticle

1 Citation (Scopus)

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

Fingerprint

commodity price
energy saving
regulation
Environmental regulation
Energy saving
Commodity prices
market
industry

Keywords

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

ASJC Scopus subject areas

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

Cite this

Energy-saving regulations and commodity prices. / Okubo, Toshihiro.

In: Environmental Economics and Policy Studies, Vol. 15, No. 1, 2013, p. 93-132.

Research output: Contribution to journalArticle

@article{f2002e9f435743728f408d969144985b,
title = "Energy-saving regulations and commodity prices",
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.",
keywords = "Box-Cox regressions, Environmental regulations, Hedonic approach, POS data",
author = "Toshihiro Okubo",
year = "2013",
doi = "10.1007/s10018-012-0041-7",
language = "English",
volume = "15",
pages = "93--132",
journal = "Environmental Economics and Policy Studies",
issn = "1432-847X",
publisher = "Springer Japan",
number = "1",

}

TY - JOUR

T1 - Energy-saving regulations and commodity prices

AU - Okubo, Toshihiro

PY - 2013

Y1 - 2013

N2 - 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.

AB - 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.

KW - Box-Cox regressions

KW - Environmental regulations

KW - Hedonic approach

KW - POS data

UR - http://www.scopus.com/inward/record.url?scp=84873522253&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84873522253&partnerID=8YFLogxK

U2 - 10.1007/s10018-012-0041-7

DO - 10.1007/s10018-012-0041-7

M3 - Article

AN - SCOPUS:84873522253

VL - 15

SP - 93

EP - 132

JO - Environmental Economics and Policy Studies

JF - Environmental Economics and Policy Studies

SN - 1432-847X

IS - 1

ER -