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Title:Announcing is bad, delaying is worse: Another pitfall in well-intended climate policy PDF Logo
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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