Jus, Darko; Meier, Volker - In: Jahrbücher für Nationalökonomie und Statistik 235 (2015) 3, pp. 286-297
Summary It is frequently observed that the implementation of green policies is delayed compared to the initial announcement. Considering a setting with a representative monopolist extracting a nonrenewable resource, we demonstrate that announcing a green policy, but then delaying its...
