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This essay studies the optimal timing for a firm to adopt a new process innovation in the presence of learning. A …
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The literature on environmental R&D frequently studies innovation as a two-stage process, with a single R&D event … leading from a conventional polluting technology to a perfectly clean backstop. We allow for uncertainty in innovation in that …
Persistent link: https://www.econbiz.de/10003592670
"Robot cars" are cars that allow for automated driving. They can drive closer together than human driven "normal cars" and thereby raise road capacity. Obtaining a robot car instead of a normal car can also be expected to lower the userś value of time losses (VOT), because travel time can be...
Persistent link: https://www.econbiz.de/10010532595
The thesis studies unintended intertemporal reactions of fossil resource supply to climate policies, which often are subsumed under the notion of the green paradox, while taking into account the interrelationship between the resource and the capital market in a general equilibrium framework. Its...
Persistent link: https://www.econbiz.de/10011721753
Diese Dissertation wurde von Johannes Pfeiffer während seiner Zeit am ifo Institut verfasst. Sie wurde im Dezember 2016 …
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The paper studies the use of emission taxes and feed-in subsidies for the regulation of a monopoly that can produce the same good with a technology that employs a polluting input and a clean technology. The second-best tax and subsidy are calculated solving a two-stage policy game between the...
Persistent link: https://www.econbiz.de/10012028355
We study optimal experimentation by a monopolistic platform in a two-sided market framework. The platform provider faces uncertainty about the strength of the externality each side is exerting on the other. It maximizes the expected present value of its profit stream in a continuous-time...
Persistent link: https://www.econbiz.de/10009381848
In many countries, inducing large-scale technological changes has become an important policy objective, as in the context of climate policy or energy transitions. Such large-scale changes require the development of strongly interlinked technologies. But current economic models have little...
Persistent link: https://www.econbiz.de/10011702423