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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/46393
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| DC Field | | Value | | Language |
| dc.contributor.author | | Kalkuhl, Matthias | | en_US |
| dc.contributor.author | | Edenhofer, Ottmar | | en_US |
| dc.contributor.author | | Lessmann, Kai | | en_US |
| dc.date.accessioned | | 2011-05-26 | | en_US |
| dc.date.accessioned | | 2011-06-29T11:18:09Z | | - |
| dc.date.available | | 2011-06-29T11:18:09Z | | - |
| dc.date.issued | | 2011 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/46393 | | - |
| dc.description.abstract | | We 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_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | CESifo München | | en_US |
| dc.relation.ispartofseries | | CESifo working paper: Energy and Climate Economics 3422 | | en_US |
| dc.subject.jel | | O38 | | en_US |
| dc.subject.jel | | Q40 | | en_US |
| dc.subject.jel | | Q54 | | en_US |
| dc.subject.jel | | Q55 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | renewable energy subsidy | | en_US |
| dc.subject.keyword | | renewable portfolio standard | | en_US |
| dc.subject.keyword | | feed-in-tariffs | | en_US |
| dc.subject.keyword | | carbon pricing | | en_US |
| dc.subject.stw | | Förderung regenerativer Energien | | en_US |
| dc.subject.stw | | Forschungs- und Technologiepolitik | | en_US |
| dc.subject.stw | | Energietechnik | | en_US |
| dc.subject.stw | | Klimaschutz | | en_US |
| dc.subject.stw | | Technologiewahl | | en_US |
| dc.subject.stw | | Ökosteuer | | en_US |
| dc.subject.stw | | Energiesubstitution | | en_US |
| dc.subject.stw | | Subvention | | en_US |
| dc.subject.stw | | Policy-Mix | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | Learning or lock-in: Optimal technology policies to support mitigation | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 660703491 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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