Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/46393 
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dc.contributor.authorKalkuhl, Matthiasen
dc.contributor.authorEdenhofer, Ottmaren
dc.contributor.authorLessmann, Kaien
dc.date.accessioned2011-05-26-
dc.date.accessioned2011-06-29T11:18:09Z-
dc.date.available2011-06-29T11:18:09Z-
dc.date.issued2011-
dc.identifier.urihttp://hdl.handle.net/10419/46393-
dc.description.abstractWe investigate conditions that aggravate market failures in energy innovations, and suggest optimal policy instruments to address them. Using an intertemporal general equilibrium model we show that 'small' market imperfections may trigger a several decades lasting dominance of an incumbent energy technology over a dynamically more efficient competitor, given that the technologies are very good substitutes. Such a 'lock-in' into an inferior technology causes significantly higher welfare losses than market failure alone, notably under ambitious mitigation targets. More than other innovative industries, energy markets are prone to these lock-ins because electricity from different technologies is an almost perfect substitute. To guide government intervention, we compare welfare-maximizing technology policies in addition to carbon pricing with regard to their efficiency, effectivity, and robustness. Technology quotas and feed-in-tariffs turn out to be only insignificantly less efficient than first-best subsidies and seem to be more robust against small perturbations.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x3422en
dc.subject.jelO38en
dc.subject.jelQ40en
dc.subject.jelQ54en
dc.subject.jelQ55en
dc.subject.ddc330en
dc.subject.keywordrenewable energy subsidyen
dc.subject.keywordrenewable portfolio standarden
dc.subject.keywordfeed-in-tariffsen
dc.subject.keywordcarbon pricingen
dc.subject.stwFörderung regenerativer Energienen
dc.subject.stwForschungs- und Technologiepolitiken
dc.subject.stwEnergietechniken
dc.subject.stwKlimaschutzen
dc.subject.stwTechnologiewahlen
dc.subject.stwÖkosteueren
dc.subject.stwEnergiesubstitutionen
dc.subject.stwSubventionen
dc.subject.stwPolicy-Mixen
dc.subject.stwTheorieen
dc.titleLearning or lock-in: Optimal technology policies to support mitigation-
dc.typeWorking Paperen
dc.identifier.ppn660703491en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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