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http://hdl.handle.net/10419/22022
  

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dc.contributor.authorvon Döllen, Andreasen_US
dc.contributor.authorRequate, Tillen_US
dc.date.accessioned2009-01-29T14:13:32Z-
dc.date.available2009-01-29T14:13:32Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/22022-
dc.description.abstractWe study long-term incentives for polluting and regulated firms to invest in advanced abatement technologies, when some new technology is available but an even better technology will be expected in the future. Firms can invest only once. We find that depending on the adoption fixed costs all possible combinations of investment patters can occur in social optimum. Further we show that if the regulator anticipates the arrival of the new technology he can decentralize socially optimal allocation by charging Pigouvian tax or issuing tradable permits through announcing his policy and setting ex post optimal policy levels, after firms have invested.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesEconomics working paper / Christian-Albrechts-Universität Kiel, Department of Economics 2007,04en_US
dc.subject.jelQ55en_US
dc.subject.jelL5en_US
dc.subject.jelO31en_US
dc.subject.ddc330en_US
dc.subject.keywordEmission taxesen_US
dc.subject.keywordtradable permitsen_US
dc.subject.keywordoption value theoryen_US
dc.subject.keyworduncertaintyen_US
dc.subject.keywordPoisson distributionen_US
dc.titleEnvironmental Policy and Incentives to Invest in Advanced Abatement Technology if Arrival of Future Technology is Uncertain - Extended Versionen_US
dc.typeWorking Paperen_US
dc.identifier.ppn527149152en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:cauewp:5532-
Appears in Collections:Economics Working Papers, Department of Economics, CAU Kiel

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