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dc.contributor.authorGerlagh, Reyeren_US
dc.contributor.authorKverndokk, Snorreen_US
dc.contributor.authorRosendahl, Knut Einaren_US
dc.date.accessioned2011-12-15T11:32:28Z-
dc.date.available2011-12-15T11:32:28Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/53285-
dc.description.abstractThis paper addresses the timing and interdependence between innovation and environmental policy in a model of research and development (R&D). On a first-best path the environmental tax is set at the Pigouvian level, independent of innovation policy. With infinite patent lifetime, the R&D subsidy should be constant and independent of the state of the environment. However, with finite patent lifetime, optimal innovation policy depends on the stage of the environmental problem. In the early stages of an environmental problem, abatement research should be subsidized at a high level and this subsidy should fall monotonically over time to stimulate initial R&D investments. Alternatively, with a constant R&D subsidy, patents' length should initially have a very long life-time but this should be gradually shortened. In a second-best situation with no deployment subsidy for abatement equipment, we find that the environmental tax should be high compared to the Pigouvian levels when an abatement industry is developing, but the relative difference falls over time. That is, environmental policies will be accelerated compared to first-best.en_US
dc.language.isoengen_US
dc.publisherFondazione Eni Enrico Mattei (FEEM) Milanoen_US
dc.relation.ispartofseriesNota di lavoro // Fondazione Eni Enrico Mattei: Sustainable development 53.2008en_US
dc.subject.jelH21en_US
dc.subject.jelO30en_US
dc.subject.jelQ42en_US
dc.subject.ddc330en_US
dc.subject.keywordEnvironmental Policyen_US
dc.subject.keywordResearch and Developmenten_US
dc.subject.keywordInnovation Subsidiesen_US
dc.subject.keywordPatentsen_US
dc.titleLinking environmental and innovation policyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn642703892en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:FEEM Working Papers, Fondazione Eni Enrico Mattei

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