Nimubona, Alain-Désiré; Chakravorty, Ujjayant; Leach, … - CESifo - 2014
We develop a three-stage model of abatement technology search, adoption, and deployment. Using this model, which draws … on search theory tools more frequently used in labour and monetary economics, we compare market-based and command …-and-control pollution control instruments with respect to the incentives each provides for abatement technology search and adoption …