Plausibly Exogenous [1958] - Pollution (06/13/2025)

LHS Variable
Pollution reduction

RHS Variable
Ability to divest polluted assets

Source of Exogenous Variation
Passage of the Brownfields Act in 2002, which facilitated industrial land transactions by exempting purchasers from prior cleanup liabilities and disproportionately impacting certain firms

- Chen (2025), “Redeploying dirty assets: The impact of environmental liability”