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When do Firms Go Green? Comparing Command and Control Regulations with Price Incentives in India

Ann Harrison, Benjamin Hyman, Leslie Martin, Shanthi Nataraj

NBER Working Paper No. 21763
Issued in November 2015, Revised in October 2019

---- Acknowledgments ----

We are grateful to Michele De Nevers, Rema Hanna, Gil Metcalf, David Popp and seminar participants at Harvard Business School, the University of Hawaii, the Wharton International Lunch, Johns Hopkins SAIS, and the Indian School of Business for helpful comments and suggestions. We also thank Michael Greenstone and Rema Hanna for generously providing us with city-level pollutant data for India, and acknowledge Karen Ni for outstanding research assistance. This material is based upon work supported by the National Science Foundation under Grant No. SES-0922332. Any opinions, findings, and conclusions or recommendations expressed in this material are those of the authors and do not necessarily reflect the views of the National Science Foundation. We further acknowledge support from the Mack Institute for Innovation Management at the Wharton School and the financial support of the Australian Research Council through the Discovery Early Career Research Award DE190101167. The views expressed in this paper are those of the authors and do not necessarily represent those of the Federal Reserve Bank of New York, the Federal Reserve System, or the National Bureau of Economic Research. All errors remain our own.

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