Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/47313 
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dc.contributor.authorGolombek, Rolfen
dc.contributor.authorGreaker, Madsen
dc.contributor.authorHoel, Michaelen
dc.date.accessioned2010-02-25-
dc.date.accessioned2011-07-01T08:43:05Z-
dc.date.available2011-07-01T08:43:05Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/47313-
dc.description.abstractClimate mitigation policy should be imposed over a long period, and spur development of new technologies in order to make stabilization of green house gas concentrations economically feasible. The government may announce current and future policy packages that stimulate current R&D in climate-friendly technologies. However, once climate-friendly technologies have been developed, the government may have no incentive to implement the pre-announced future policies, that is, there may be a time inconsistency problem. We show that if the government can optimally subsidize R&D today, there is no time inconsistency problem. Thus, lack of commitment is not an argument for higher current R&D subsidies. If the offered R&D subsidy is lower than the optimal subsidy, the current (sub-game perfect) climate tax should exceed the first-best climate tax.en
dc.language.isoengen
dc.publisher|aUniversity of Oslo, Department of Economics |cOsloen
dc.relation.ispartofseries|aMemorandum |x2010,02en
dc.subject.jelH21en
dc.subject.jelO30en
dc.subject.jelQ2en
dc.subject.jelQ28en
dc.subject.jelQ42en
dc.subject.ddc330en
dc.subject.keywordTime consistencyen
dc.subject.keywordcarbon taxen
dc.subject.keywordclimate policyen
dc.subject.keywordR&Den
dc.subject.keywordendogenous technological changeen
dc.subject.stwKlimaschutzen
dc.subject.stwÖkosteueren
dc.subject.stwUmwelttechniken
dc.subject.stwForschungssubventionen
dc.subject.stwEndogener technischer Fortschritten
dc.subject.stwZeitkonsistenzen
dc.subject.stwTheorieen
dc.titleClimate policy without commitment-
dc.typeWorking Paperen
dc.identifier.ppn617789479en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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