Incentives and Outcomes: China's Environmental Policy

Jing Wu, Yongheng Deng, Jun Huang, Randall Morck, Bernard Yeung

NBER Working Paper No. 18754
Issued in February 2013

---- Acknowledgements ----

We are grateful to helpful comments by Yang Yao, Colin Lixin Xu, Xiaobo Zhang, Karen Eggleston, and seminar participants in CCER Peking University, NUS Business School and the 2012 NBER working group meeting on the Chinese Economy. We gratefully acknowledge Jia He for excellent research assistance. Randall Morck thanks the SHRC and the Bank of Canada for partial funding. Yongheng Deng and Jing Wu thanks Institute of Real Estate Studies at National University of Singapore for partial funding. Jing Wu also thanks the National Natural Science Foundation of China for financial support (No. 71003060). The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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