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dc.contributor.authorGolombek, Rolfen_US
dc.contributor.authorGreaker, Madsen_US
dc.contributor.authorHoel, Michaelen_US
dc.date.accessioned2010-02-25en_US
dc.date.accessioned2011-07-01T08:43:05Z-
dc.date.available2011-07-01T08:43:05Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/47313-
dc.description.abstractClimate mitigation policy should be imposed over a long period, and spur development of new technologies in order to make stabilization of green house gas concentrations economically feasible. The government may announce current and future policy packages that stimulate current R&D in climate-friendly technologies. However, once climate-friendly technologies have been developed, the government may have no incentive to implement the pre-announced future policies, that is, there may be a time inconsistency problem. We show that if the government can optimally subsidize R&D today, there is no time inconsistency problem. Thus, lack of commitment is not an argument for higher current R&D subsidies. If the offered R&D subsidy is lower than the optimal subsidy, the current (sub-game perfect) climate tax should exceed the first-best climate tax.en_US
dc.language.isoengen_US
dc.publisherDep. of Economics, Univ. of Oslo Osloen_US
dc.relation.ispartofseriesMemorandum // Department of Economics, University of Oslo 2010,02en_US
dc.subject.jelH21en_US
dc.subject.jelO30en_US
dc.subject.jelQ2en_US
dc.subject.jelQ28en_US
dc.subject.jelQ42en_US
dc.subject.ddc330en_US
dc.subject.keywordTime consistencyen_US
dc.subject.keywordcarbon taxen_US
dc.subject.keywordclimate policyen_US
dc.subject.keywordR&Den_US
dc.subject.keywordendogenous technological changeen_US
dc.subject.stwKlimaschutzen_US
dc.subject.stwÖkosteueren_US
dc.subject.stwUmwelttechniken_US
dc.subject.stwForschungssubventionen_US
dc.subject.stwEndogener technischer Fortschritten_US
dc.subject.stwZeitkonsistenzen_US
dc.subject.stwTheorieen_US
dc.titleClimate policy without commitmenten_US
dc.typeWorking Paperen_US
dc.identifier.ppn617789479en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Memorandum, Department of Economics, University of Oslo

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