under uncertainty. A tax encourages the most flexible technology if and only if stochastic costs and the equilibrium permit …

technology choice is endogenous, given that regulation is designed to induce equal expected aggregate emissions. Moreover, either …

under uncertainty. A tax encourages the most flexible technology if and only if stochastic costs and the equilibrium permit …

Authorities often lack information for efficient regulation of the commons. This paper derives a criterion comparing … prices versus tradable quantities in terms of expected welfare, given uncertainty, optimal policy and endogenous cost … significant impact. Finally, either regulatory instrument may induce the highest technology investment levels. …

This paper examines the investment incentives of market-based regulation, with focus on the technology characteristics … aggregate emission allowance supply is completely inelastic. Further, in the presence of uncertainty, elastic emission allowance … supply and strictly convex environmental damage, it is optimal to tax investment in technologies that induce large variance …

Econ Policy 13(1):23-42, 2019). The impact of updating on firms’ investment and retiring decisions and the resulting … investment incentives in different technologies and to analyze the optimal design of emission trading systems in such an …

Authorities often lack information for efficient regulation of the commons. This paper derives a criterion comparing … prices versus tradable quantities in terms of expected welfare, given uncertainty, optimal policy and endogenous cost … significant impact. Finally, either regulatory instrument may induce the highest technology investment levels. …

Authorities often lack information for efficient regulation of the commons. This paper derives a criterion comparing … prices versus tradable quantities in terms of expected welfare, given uncertainty, optimal policy and endogenous cost … significant impact. Finally, either regulatory instrument may induce the highest technology investment levels. …

This paper examines the investment incentives of market-based regulation, with focus on the technology characteristics … aggregate emission allowance supply is completely inelastic. Further, in the presence of uncertainty, elastic emission allowance … supply and strictly convex environmental damage, it is optimal to tax investment in technologies that induce large variance …

Authorities often lack information for efficient regulation of the commons. This paper derives a criterion comparing … prices versus tradable quantities in terms of expected welfare, given uncertainty, optimal policy and endogenous cost … significant impact. Finally, either regulatory instrument may induce the highest technology investment levels. …