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The Price Impact of Joining a Currency Union : Evidence from Latvia

Cavallo, Alberto - 2014

consumption goods. We consider the case of Latvia, which recently dropped its pegged exchange rate and joined the euro zone. We … between Latvia and euro zone countries collapsed swiftly following entry to the euro. The percentage of goods with nearly … identical prices in Latvia and Germany increased from 6 percent to 89 percent. The median size of price differentials declined …

Persistent link: https://www.econbiz.de/10012458441

Innovation Market Failures and the Design of New Climate Policy Instruments

Armitage, Sarah C.; Bakhtian, Noël; Jaffe, Adam B. - National Bureau of Economic Research - 2023

Moving beyond the combination of adoption subsidies, standards, and (albeit limited) attempts at carbon pricing that largely characterized U.S. climate policy over the last decade, recent climate-related legislation has transformed not only the scale of U.S. climate activities but also the...

Persistent link: https://www.econbiz.de/10014337854

Climate Change, Directed Innovation, and Energy Transition : The Long-run Consequences of the Shale Gas Revolution

Acemoglu, Daron; Aghion, Philippe; Barrage, Lint; … - National Bureau of Economic Research - 2023

We investigate the short- and long-term effects of a natural gas boom in an economy where energy can be produced with coal, natural gas, or clean sources and the direction of technology is endogenous. In the short run, a natural gas boom reduces carbon emissions by inducing substitution away...

Persistent link: https://www.econbiz.de/10014372414

Induced Innovation, Inventors, and the Energy Transition

Dugoua, Eugenie; Gerarden, Todd - National Bureau of Economic Research - 2023

We study how individual inventors respond to incentives to work on "clean" electricity technologies. Using natural gas price variation, we estimate output and entry elasticities of inventors and measure the medium-term impacts of a price increase mirroring the social cost of carbon. We find that...

Persistent link: https://www.econbiz.de/10014421213

Pollution Control Innovations and the Clean Air Act of 1990

Popp, David - 2001

Although economists cite potential gains from induced innovation as an advantage of using market-based mechanisms to protect the environment, counts of patents related to flue gas desulfurization units ('scrubbers') peaked before trading of sulfur dioxide (SO2) permits began. This paper uses...

Persistent link: https://www.econbiz.de/10012470123

The Induced Innovation Hypothesis and Energy-Saving Technological Change

Newell, Richard G. - 1998

It follows from Hicks' induced innovation hypothesis that rising energy prices in the last two decades should have induced energy-saving innovation. We formulate the hypothesis concretely using a product-characteristics model of energy-using consumer durables, augmenting Hicks' hypothesis to...

Persistent link: https://www.econbiz.de/10012472368

Environmental Regulation, Investment Timing, and Technology Choice

Gray, Wayne B. - 1997

We began this project interested in collecting real-world' insight about how environmental regulation affects the paper industry. Based on conversations with people in the industry and visits to paper mills, we formulated several hypotheses related to technology choice in new mills and the...

Persistent link: https://www.econbiz.de/10012472781

Green Technology Diffusion : A Post-Mortem Analysis of the Eco-Patent Commons

Contreras, Jorge L. - 2018

We revisit the effect of the "Eco-Patent Commons" (EcoPC) on the diffusion of patented environmentally friendly technologies following its discontinuation in 2016, using both participant survey and data analytic evidence. Established in January 2008 by several large multinational companies, the...

Persistent link: https://www.econbiz.de/10012480922

Environmental Preferences and Technological Choices : Is Market Competition Clean or Dirty?

Aghion, Philippe - 2020

This paper investigates the joint effect of consumers' environmental concerns and product-market competition on firms' decisions whether to innovate "clean" or "dirty". We first develop a step-by-step innovation model to capture the basic intuition that socially responsible consumers induce...

Persistent link: https://www.econbiz.de/10012481879

Solar Geoengineering, Learning, and Experimentation

Kelly, David L.; Heutel, Garth; Moreno Cruz, Juan; … - National Bureau of Economic Research - 2021

Solar geoengineering (SGE) can combat climate change by directly reducing temperatures. Both SGE and the climate itself are surrounded by great uncertainties. Implementing SGE affects learning about these uncertainties. We model endogenous learning over two uncertainties: the sensitivity of...

Persistent link: https://www.econbiz.de/10012482658

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