Announcing is bad, delaying is worse : another pitfall in well-intended climate policy

Darko Jus; Volker Meier

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. -- climate policy ; carbon taxation ; Kyoto Protocol ; optimal control

MoreLess

Year of publication:	2012
Authors:	Jus, Darko ; Meier, Volker
Publisher:	München : CESifo
Subject:	Klimaschutz \| Climate protection \| Ökosteuer \| Environmental tax \| Ankündigungseffekt \| Announcement effect \| Erschöpfbare Ressourcen \| Exhaustible resources \| Kontrolltheorie \| Control theory \| Theorie \| Theory

freely available

Full text |

More access options

www.cesifo-group.de

Check Google Scholar

In libraries world-wide (WorldCat)

In German libraries (KVK)

I need help

Extent:	Online-Ressource (PDF-Datei: 10 S., 168 KB)
Series:	CESifo working papers. - München : [Verlag nicht ermittelbar], ISSN 2364-1428, ZDB-ID 2065232-X. - Vol. 3844
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/60996 [Handle]
Classification:	D92 - Intertemporal Firm Choice and Growth, Investment, or Financing ; H23 - Externalities; Redistributive Effects ; Environmental Taxes and Subsidies ; K32 - Environmental, Health, and Safety Law ; Q32 - Exhaustible Resources and Economic Development ; Q38 - Government Policy
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10009570723