Monday, September 9, 2013

Demand for air quality

This one caught my eye because it's exactly what we talked about in class: the demand for air quality. These two well-known economists investigate the effects of a program that regulated nitrous oxides to see how that affected people's spending on asthma medications. When the program started, people needed less medication, so that gives us at least one idea about how much it was worth to people to see the air quality improve. Clever!

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