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dc.contributor.authorDietrich, Antje-Mareikeen_US
dc.contributor.authorSieg, Gernoten_US
dc.description.abstractThis article shows that in the presence of environmental externalities, it may be welfare enhancing to overcome a technological lock-in by a deadend technology through governmental intervention. It is socially desirable to subsidize a dead-end technology if its environmental externality is small relative to the one of the established technology, if the installed base and/or the strength of the network effect is small and if future generations matter. Applying our results to the private transport sector, governments promoting alternatives to gasoline-driven vehicles have to be aware of these opposing welfare effects.en_US
dc.publisherTechn. Univ., Inst. für Volkswirtschaftslehre Braunschweigen_US
dc.relation.ispartofseriesEconomics Department Working Paper Series 12en_US
dc.subject.keywordenvironmental externalitiesen_US
dc.subject.keywordnetwork effectsen_US
dc.subject.keywordprivate transporten_US
dc.subject.keywordtechnological changeen_US
dc.titleWelfare effects of subsidizing a dead-end network of less polluting vehiclesen_US
dc.typeWorking Paperen_US
Appears in Collections:Economics Department Working Paper Series, TU Braunschweig

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