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The Economics of Attribute-Based Regulation: Theory and Evidence from Fuel-Economy Standards

Koichiro Ito, James M. Sallee

NBER Working Paper No. 20500
Issued in September 2014

---- Acknowledgments ----

The authors would like to thank Kunihito Sasaki for excellent research assistance. For helpful comments, we thank Hunt Allcott, Soren Anderson, Severin Borenstein, Meghan Busse, Raj Chetty, Lucas Davis, Francesco Decarolis, Meredith Fowlie, Don Fullerton, Michael Greenstone, Mark Jacobsen, Damon Jones, Hiro Kasahara, Kazunari Kainou, Ryan Kellogg, Ben Keys, Christopher Knittel, Ashley Langer, Bruce Meyer, Richard Newell, Matt Notowidigdo, Ian Parry, Mar Reguant, Nancy Rose, Mark Rysman, Jesse Shapiro, Joel Slemrod, Sarah West, Katie Whitefoot, Florian Zettelmeyer and seminar participants at the ASSA meetings, Berkeley, Boston University, Chicago, the EPA, Harvard, Michigan, Michigan State, MIT, the National Tax Association, the NBER, the RIETI, Pontifical Catholic University of Chile, Stanford, Resources for the Future, UCLA, University of Chile, and Wharton. Ito thanks the Energy Institute at Haas and the Stanford Institute for Economic Policy Research for financial support. Sallee thanks the Stigler Center at the University of Chicago for financial support. 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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