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Technology Variation vs. R&D Uncertainty : What Matters Most for Energy Patent Success?
Popp, David - 2014
R&D is an uncertain activity with highly skewed outcomes. Nonetheless, most recent empirical studies and modeling estimates of the potential of technological change focus on the average returns to research and development (R&D) for a composite technology and contain little or no information...
Persistent link: https://www.econbiz.de/10013066763
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Environmental Policy and Firm Behavior : Abatement Investment and Location Decisions Under Uncertainty and Irreversibility
Xepapadeas, Anastasios - 2021
This paper explores abatement investment and location responses to environmental policy, which takes the form of emission taxes or tradeable emission permits and subsidies against the costs of abatement investment, under uncertainty and irreversibility. Uncertainty is associated with output...
Persistent link: https://www.econbiz.de/10013244403
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Output and Attribute-Based Carbon Regulation Under Uncertainty
Kellogg, Ryan - 2022
Output-based carbon regulations—such as fuel economy standards and the rate-based standards in the Clean Power Plan—create well-known incentives to inefficiently increase output. Similar distortions are created by attribute-based regulations. This paper demonstrates that, despite these...
Persistent link: https://www.econbiz.de/10013309637
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How Can Policy Encourage Economically Sensible Climate Adaptation?
Smith, V. Kerry - 2010
This paper considers the role of incentive based climate adaptation policies. It uses the early literature on pricing and capacity choices under demand uncertainty to describe how revised price structures for the substitutes for climate services can be treated as anticipatory adaptation. In many...
Persistent link: https://www.econbiz.de/10013142081
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Optimal Regulation in the Presence of Reputation Concerns
Atkeson, Andrew - 2012
invest. If the market operates with spot prices, simple regulation can enhance the role of reputation to induce investment …
Persistent link: https://www.econbiz.de/10013109447
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Taxes and Trading Versus Intensity Standards : Second-Best Environmental Policies with Incomplete Regulation (Leakage) or Market Power
Holland, Stephen P. - 2010
the sum of consumer and producer surplus) in the presence of incomplete regulation (leakage) or market power by analyzing … regulation, I show that under certain conditions an intensity standard can yield higher welfare than any emissions tax (including … relies more on substitution effects than output effects to reduce emissions. With incomplete regulation or market power, this …
Persistent link: https://www.econbiz.de/10013151142
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Indexed Regulation
Newell, Richard G. - 2010
Seminal work by Weitzman (1974) revealed prices are preferred to quantities when marginal benefits are relatively flat compared to marginal costs. We extend this comparison to indexed policies, where quantities are proportional to an index, such as output. We find that policy preferences hinge...
Persistent link: https://www.econbiz.de/10012759315
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Price Limits in a Tradable Performance Standard
Wang, Banban; Pizer, Billy; Munnings, Clayton - 2022
Tradable performance standards are widely used sectoral regulatory policies. Examples include the US lead phasedown, fuel economy standards for automobiles, renewable portfolio standards, low carbon fuel standards, and—most recently—China’s new national carbon market. At the same time,...
Persistent link: https://www.econbiz.de/10014089541
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Is Air Pollution Regulation Too Stringent?
Shapiro, Joseph S.; Walker, Reed - 2022
This paper describes a novel approach to estimating the marginal cost of air pollution regulation, then applies it to … estimates. Some evidence suggests that using price rather than existing quantity regulation in these markets may increase social …
Persistent link: https://www.econbiz.de/10014089629
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Prices Versus Quantities Versus Bankable Quantities
Fell, Harrison G. - 2012
Quantity-based regulation with banking allows regulated firms to shift obligations across time in response to periods …
Persistent link: https://www.econbiz.de/10013109868