Regulating Internalities
12 Pages Posted: 26 May 2015 Last revised: 24 May 2023
There are 2 versions of this paper
Regulating Internalities
Forthcoming, Journal of Policy Analysis and Management
Number of pages: 23
Posted: 01 Mar 2015
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Date Written: May 2015
Abstract
This paper offers a framework for regulating internalities. Using a simple economic model, we provide four principles for designing and evaluating behaviorally-motivated policy. We then outline rules for determining which contexts reliably reflect true preferences and discuss empirical strategies for measuring internalities. As a case study, we focus on energy efficiency policy, including Corporate Average Fuel Economy (CAFE) standards and appliance and lighting energy efficiency standards.
Suggested Citation: Suggested Citation
Allcott, Hunt and Sunstein, Cass R., Regulating Internalities (May 2015). NBER Working Paper No. w21187, Available at SSRN: https://ssrn.com/abstract=2610464
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