Arbeitspapier
Announcing is bad, delaying is worse: Another pitfall in well-intended climate policy
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.
- Language
-
Englisch
- Bibliographic citation
-
Series: CESifo Working Paper ; No. 3844
- Classification
-
Wirtschaft
Taxation and Subsidies: Externalities; Redistributive Effects; Environmental Taxes and Subsidies
Energy, Environmental, Health, and Safety Law
Exhaustible Resources and Economic Development
Nonrenewable Resources and Conservation: Government Policy
- Subject
-
climate policy
carbon taxation
Kyoto Protocol
optimal control
Klimaschutz
Ökosteuer
Ankündigungseffekt
Erschöpfbare Ressourcen
Kontrolltheorie
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Jus, Darko
Meier, Volker
- Event
-
Veröffentlichung
- (who)
-
Center for Economic Studies and ifo Institute (CESifo)
- (where)
-
Munich
- (when)
-
2012
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Jus, Darko
- Meier, Volker
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2012
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