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:	[2021]
Authors:	Jus, Darko ; Meier, Volker
Publisher:	[S.l.] : SSRN
Subject:	Theorie \| Theory \| Ankündigungseffekt \| Announcement effect

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Extent:	1 Online-Ressource (12 p)
Series:	CESifo Working Paper Series ; No. 3844
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 26, 2012 erstellt
Other identifiers:	10.2139/ssrn.2092595 [DOI]
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/10013315904