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Economics Working Papers, Department of Economics, CAU Kiel >
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http://hdl.handle.net/10419/22067
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| Title: | | Commitment and Timing of Environmental Policy, Adoption of New Technology and Repercussions on R&D  |
| Authors: | | Requate, Till |
| Issue Date: | | 2003 |
| Series/Report no.: | | Economics working paper / Christian-Albrechts-Universität Kiel, Department of Economics 2003,07 |
| Abstract: | | We investigate the interplay between environmental policy, incentives to adopt new technology, and repercussions on R&D. We study a model where a monopolistic upstream firm engages in R&D and sells advanced abatement technology to polluting downstream firms which are subject to regulation. We consider for different timing and commitment regimes of environmental tax and permit policies: ex post taxation (or issuing permits) ex interim commitment to a tax rate (a quota of permits) after observing R&D success but before adaption, and two types of ex ante commitment before R&D activity. We study the second best tax and permit rules and rank the policies with respect to welfare. |
| Persistent Identifier of the first edition: | | urn:nbn:de:101:1-200911023414 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Economics Working Papers, Department of Economics, CAU Kiel
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