Policy Study

Costs, Economic Impacts, and Benefits of EPA’s Ozone and Particulate Standards


Reason Public Policy Institute first initiated a project to investigate the policy implication of proposed tightening of the National Ambient Air Quality Standards nearly two years ago. EPA’s November 1996 announcement of proposed revisions to the ozone and particulate matter standards helped us refine the focus of our project, and led to our collaboration with Decision Focus Inc. to produce this report, analyzing the costs and economic impacts of the proposed ozone and PM2.5 National Ambient Air Quality Standards.


Dr. Anne E. Smith, a Vice President of Decision Focus Incorporated, is an economist and risk analyst specializing in the integrated assessment of major policy issues. She has been analyzing and producing expert testimony on the benefits, costs, and economic impacts of ambient particulate matter controls over the past several years. Prior to her work on the NAAQS for PM, she performed the primary integrated and economic analyses for the Grand Canyon Visibility Transport Commission.