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Memorandum, Department of Economics, University of Oslo >
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http://hdl.handle.net/10419/47349
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| Title: | | Incentives for environmental R&D  |
| Authors: | | Greaker, Mads Hoel, Michael |
| Issue Date: | | 2011 |
| Series/Report no.: | | Memorandum // Department of Economics, University of Oslo 2011,15 |
| Abstract: | | Since governments can influence the demand for a new abatement technology through their environmental policy, they may be able to expropriate innovations in new abatement technology ex post. This suggests that incentives for environmental R&D may be lower than the incentives for market goods R&D. This in turn may be used as an argument for environmental R&D getting more public support than other R&D. In this paper we systematically compare the incentives for environmental R&D with the incentives for market goods R&D. We find that the relationship might be the opposite: When the innovator is able to commit to a licence fee before environmental policy is resolved, incentives are always higher for environmental R&D than for market goods R&D. When the government sets its policy before or simultaneously with the innovator's choice of licence fee, incentives for environmental R&D may be higher or lower than for market goods R&D. |
| Subjects: | | R&D environmental R&D innovations endogenous technological change |
| JEL: | | H23 O30 Q55 Q58 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Memorandum, Department of Economics, University of Oslo
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