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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/60996
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| Title: | | Announcing is bad, delaying is worse: Another pitfall in well-intended climate policy  |
| Authors: | | Jus, Darko Meier, Volker |
| Issue Date: | | 2012 |
| Series/Report no.: | | CESifo Working Paper: Energy and Climate Economics 3844 |
| Abstract: | | It is frequently observed that the implementation of green policies is delayed compared to the initial announcement. Considering a setting with a representative monopolist extracting a non-renewable resource, we demonstrate that announcing a green policy, but then delaying its implementation, is associated with a larger cumulative extraction at any point in time than announcing a late implementation of this policy at the outset. |
| Subjects: | | climate policy carbon taxation Kyoto Protocol optimal control |
| JEL: | | D92 H23 K32 Q32 Q38 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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