Commitment and Timing of Environmental Policy, Adoption of New Technology and Repercussions on R&D

Arbeitspapier

We investigate the interplay between environmental policy, incentives to adopt new technology, and repercussions on R&D. We study a model where a monopolistic upstream firm engages in R&D and sells advanced abatement technology to polluting downstream firms which are subject to regulation. We consider for different timing and commitment regimes of environmental tax and permit policies: ex post taxation (or issuing permits) ex interim commitment to a tax rate (a quota of permits) after observing R&D success but before adaption, and two types of ex ante commitment before R&D activity. We study the second best tax and permit rules and rank the policies with respect to welfare.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Economics Working Paper ; No. 2003-07

Classification and Topics

• Classification: Wirtschaft
• Subject: Umweltpolitik ; Regelgebundene Politik ; Zeit ; Umwelttechnik ; Innovationsdiffusion ; Mehr-Sektoren-Modell ; Lieferanten-Kunden-Beziehung ; Umweltökonomik ; Theorie ; Innovationsadoption ; Selbstbindung

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Requate, Till
• Event: Veröffentlichung
• (who): Kiel University, Department of Economics
• (where): Kiel
• (when): 2003

Further information

• Handle: http://hdl.handle.net/10419/22067
• URN: urn:nbn:de:101:1-200911023414
• Last update: 10.03.2025, 11:43 AM CET