Petrakis, Emmanuel; Xepapadeas, Anastasios - Department of Economics, University of Crete
government is unable to commit, and follows thus a time consistent policy, then in general emission taxes are lower, while … of firms, emission taxes can be lower and innovation efforts and welfare can be higher under government commitment. The … two policy regimes converge, regarding emission taxes, abetment effort and welfare, when the numbers of firms tends to …