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The Economic Impacts of Environmental Regulations on the U.S. Copper Industry

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  • Raymond S. Hartman
  • Kirkor Bozdogan
  • Ravindra M. Nadkarni

Abstract

This paper reports the simulated impacts on the U.S. copper industry of pollution abatement regulations promulgated by the Environmental Protection Agency (EPA). The impacts are simulated by using an econometric model developed for the EPA. The model takes explicit account of the imperfectly competitive pricing and production decisions of the major group of domestic primary copper producers. Furthermore, the model explicitly incorporates the effects of pollution abatement regulations upon the costs (fixed and variable) of copper production and upon capacity expansion and replacement. Environmental regulations relevant to the U.S. copper industry are identified and discussed. The economic impacts of compliance with the regulations are then simulated and discussed.

Suggested Citation

  • Raymond S. Hartman & Kirkor Bozdogan & Ravindra M. Nadkarni, 1979. "The Economic Impacts of Environmental Regulations on the U.S. Copper Industry," Bell Journal of Economics, The RAND Corporation, vol. 10(2), pages 589-618, Autumn.
    • Handle: RePEc:rje:bellje:v:10:y:1979:i:autumn:p:589-618
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    Cited by:

    1. Donald N. Dewees, 2003. "Price and Environment in Electricity Restructuring," Working Papers dewees-01-01, University of Toronto, Department of Economics.
    2. Donald N. Dewees, 2001. "Emissions Trading: ERCs or Allowances?," Land Economics, University of Wisconsin Press, vol. 77(4), pages 513-526.
    3. Sayeh Shojaeinia, 2023. "Metal market analysis: an empirical model for copper supply and demand in US market," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 36(3), pages 509-517, September.

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