Ideas for growth www.theigc.org Overview of the research It is hard to overstate the importance of particulates policies. [...] Thus, a restriction on agricultural burning could lead to increases in average exposure in addition to increases in the cost of agriculture. [...] In the second main step of our analysis, we develop the SEPIA Model which evaluates the effect of various strategies for regulating particulates. [...] In particular, estimates of the way that emissions respond to regulation are imperfect predictors of changes in exposure and welfare. [...] We provide an evaluation of each of the three policies described above for each of the 31 countries for which we calibrate our model.
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