Gerlagh, Reyer; Kverndokk, Snorre; Rosendahl, Knut Einar - 2007
(LbD) on the timing of environmental policy. We develop two models, the first with R&D and the second with LbD. We study … environmental policy in R&D and LbD models can partly be traced back to the set of policy instruments available, rather than being … is developing. We illustrate our analysis through numerical simulations on climate change policy. …