Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable ….4% lower due to the regulation, a 2.2% consumption equivalent welfare loss. Four-fifths of this loss is due to lower innovation … changes in the direction of R&D, and find that regulation's negative effects only matter for incremental innovation (as …

companies also vary considerably with the chosen regulation depending on how the respective cost implications at the plant level …

environmental regulation scheme: Each EU Member State must specify additional domestic abatement policies for the sectors that are …. Based on numerical simulations for Germany, we illustrate the efficiency drawback of hybrid carbon regulation which becomes …