@techreport{Jus2012Announcing,
abstract = {It is frequently observed that the implementation of green policies is delayed compared to the initial announcement. Considering a setting with a representative monopolist extracting a non-renewable resource, we demonstrate that announcing a green policy, but then delaying its implementation, is associated with a larger cumulative extraction at any point in time than announcing a late implementation of this policy at the outset.},
address = {M\"{u}nchen},
author = {Darko Jus and Volker Meier},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {D92; H23; K32; Q32; Q38; 330; climate policy; carbon taxation; Kyoto Protocol; optimal control; Klimaschutz; \"{O}kosteuer; Ank\"{u}ndigungseffekt; Ersch\"{o}pfbare Ressourcen; Kontrolltheorie; Theorie},
language = {eng},
number = {3844},
publisher = {CESifo},
title = {Announcing is bad, delaying is worse: Another pitfall in well-intended climate policy},
type = {CESifo Working Paper: Energy and Climate Economics},
url = {http://hdl.handle.net/10419/60996},
year = {2012}
}
