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.

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Year of publication:	2012
Authors:	Jus, Darko ; Meier, Volker
Institutions:	CESifo
Subject:	climate policy \| carbon taxation \| Kyoto Protocol \| optimal control

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Extent:	application/pdf
Series:	CESifo Working Paper Series.
Type of publication:	Book / Working Paper
Notes:	Number 3844
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:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010752787