Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/60996
Authors: 
Jus, Darko
Meier, Volker
Year of Publication: 
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

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