The Role of Retrospective Analysis in an Era of Deregulation: Lessons from the U.S. Mercury and Air Toxic Standards

10 Pages Posted: 12 Mar 2021

See all articles by Mary F. Evans

Mary F. Evans

Claremont McKenna College - Robert Day School of Economics and Finance

Karen L. Palmer

Resources for the Future

Joseph E. Aldy

Harvard Kennedy School; National Bureau of Economic Research; Resources for the Future; Harvard University - Harvard Kennedy School (HKS)

Meredith Fowlie

University of California, Berkeley

Matthew J. Kotchen

Yale University

Arik Levinson

Georgetown University

Date Written: March 11, 2021

Abstract


As of late 2020, the Trump administration had initiated almost one hundred rollbacks of U.S. environmental regulations. A careful assessment of the benefits and costs of rolling back an existing regulation can and should inform such decisions. When assessing the potential rollback of an existing regulation, analysts can often learn from the regulation’s implementation through retrospective analysis as well as from advances in scientific knowledge. We discuss recent actions concerning the Mercury and Air Toxics Standards (MATS) to illustrate the potential lessons from doing so. In the case of MATS, advances in science have shed light on broader exposure pathways and previously unquantified health effects, suggesting that the benefits of reducing mercury emissions may exceed previous estimates. At the same time, changes in the energy sector have altered the mix of fuels used to produce electricity, which impacts both the benefits and costs of the regulation.

Suggested Citation

Evans, Mary F. and Palmer, Karen and Aldy, Joseph E. and Fowlie, Meredith and J. Kotchen, Matthew and Levinson, Arik, The Role of Retrospective Analysis in an Era of Deregulation: Lessons from the U.S. Mercury and Air Toxic Standards (March 11, 2021). HKS Working Paper No. RWP21-010, Available at SSRN: https://ssrn.com/abstract=3802802 or http://dx.doi.org/10.2139/ssrn.3802802

Mary F. Evans (Contact Author)

Claremont McKenna College - Robert Day School of Economics and Finance ( email )

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Karen Palmer

Resources for the Future ( email )

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Joseph E. Aldy

Harvard Kennedy School

79 JFK Street
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HOME PAGE: http://www.hks.harvard.edu/about/faculty-staff-directory/joseph-aldy

National Bureau of Economic Research

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Resources for the Future

79 JFK Street
Cambridge, MA 02138
United States
617-496-7213 (Phone)

HOME PAGE: http://www.hks.harvard.edu/about/faculty-staff-directory/joseph-aldy

Harvard University - Harvard Kennedy School (HKS) ( email )

79 John F. Kennedy Street
Cambridge, MA 02138
United States

Meredith Fowlie

University of California, Berkeley ( email )

310 Barrows Hall
Berkeley, CA 94720
United States

Matthew J. Kotchen

Yale University ( email )

493 College St
New Haven, CT CT 06520
United States

Arik Levinson

Georgetown University ( email )

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