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https://hdl.handle.net/10419/32809
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Narita, Daiju | en |
dc.date.accessioned | 2010-05-20 | - |
dc.date.accessioned | 2010-06-29T14:27:59Z | - |
dc.date.available | 2010-06-29T14:27:59Z | - |
dc.date.issued | 2010 | - |
dc.identifier.uri | http://hdl.handle.net/10419/32809 | - |
dc.description.abstract | It is believed that the primary economic solution to climate change is an introduction of a carbon pricing system anchored to the social cost of carbon, either as a form of tax or tradable permits. Potentially significant externalities accompanying the introduction of emission-reducing technologies, however, imply that the standard argument does not capture some important aspects for the designing of climate policy such as expectation-driven technology adoption. By using a simple model, we show some possible cases where carbon emission reduction progresses in a self-fulfilling prophecy by firms expecting others' future actions. In such circumstances, the carbon pricing system does not have much influence on determining the final outcome of economy-wide emission reduction. This highlights the danger of overemphasis on finding the 'right' carbon price in policy making and the role of climate policy as expectation management. | en |
dc.language.iso | eng | en |
dc.publisher | |aKiel Institute for the World Economy (IfW) |cKiel | en |
dc.relation.ispartofseries | |aKiel Working Paper |x1624 | en |
dc.subject.jel | Q54 | en |
dc.subject.jel | O33 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Climate policy | en |
dc.subject.keyword | technology choice | en |
dc.subject.keyword | expectations | en |
dc.subject.keyword | multiple equilibria | en |
dc.subject.stw | Klimaschutz | en |
dc.subject.stw | Ökosteuer | en |
dc.subject.stw | Emissionsrechte | en |
dc.subject.stw | Erwartungstheorie | en |
dc.subject.stw | Umwelttechnik | en |
dc.subject.stw | Technologiewahl | en |
dc.subject.stw | Gleichgewicht | en |
dc.subject.stw | Theorie | en |
dc.title | Climate policy as expectation management? | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 626563844 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:ifwkwp:1624 | en |
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