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The cost of environmental policy under induced technical change

Smulders, Sjak; Di Maria, Corrado - 2012

. The second issue is whether environmental policy increases or decreases total investment and innovation. Even when … rate of innovation, which crowds out production and consumption, and thus makes environmental policy more costly. Finally … ; innovation policy ; induced technical change ; pollution-saving technical change ; pollution-using technical change ; crowding …

Persistent link: https://www.econbiz.de/10009571022

Investment policy for time-inconsistent discounters

Harstad, Bård - 2013

This paper explores how a principal with time-inconsistent preferences invests optimally in technology or capital. If the current principal prefers her future self to save more, she can increase current investments complementary to future savings and decrease investments in the strategic...

Persistent link: https://www.econbiz.de/10010223357

Green technology and optimal emissions taxation

Macdonald, Stuart; Poyago-Theotoky, Joanna - 2014

We examine the impact of an optimal emissions tax on research and development of emission reducing green technology (E-R&D) in the presence of R&D spillovers. We show that the size and effectiveness of the optimal emissions tax depends on the type of the R&D spillover: input or output spillover....

Persistent link: https://www.econbiz.de/10010373796

The search for abatement technologies in the Alberta oil sands

Nimubona, Alain-Désiré; Chakravorty, Ujjayant; Leach, … - 2014

standard. We also show that while expected incentives for innovation are comparable under emissions taxes and tradeable permit …

Persistent link: https://www.econbiz.de/10010349873

Does more stringent environmental regulation induce or reduce technology adoption? : When the rate of technology adoption is inverted u-shaped

Perino, Grischa; Requate, Tilman - 2012

We show that for a broad class of technologies the relationship between policy stringency and the rate of technology adoption is inverted U-shaped. This happens when the marginal abatement cost (MAC) curves of conventional and new technologies intersect, which invariably occurs when emissions...

Persistent link: https://www.econbiz.de/10009514382

Does more stringent environmental regulation induce or reduce technology adoption? When the rate of technology adoption is inverted u-shaped

Perino, Grischa; Requate, Till - 2012

Persistent link: https://www.econbiz.de/10010308310

The Cost of Environmental Policy Under Induced Technical Change

Smulders, Sjak - 2013

Persistent link: https://www.econbiz.de/10013090604

The macroeconomic effects of a carbon tax to meet the U.S. Paris Agreement target: the role of firm creation and technology adoption

Finkelstein Shapiro, Alan; Metcalf, Gilbert E. - 2021

We analyze the quantitative labor market and aggregate effects of a carbon tax in a framework with pollution externalities and equilibrium unemployment. Our model incorporates endogenous labor force participation and two margins of adjustment influenced by carbon taxes: firm creation and green...

Persistent link: https://www.econbiz.de/10012519987

Green technologies, complementarities, and policy

Barbieri, Nicolò; Marzucchi, Alberto; Rizzo, Ugo - 2021

green. Based on patent data filed over the 1978–2014 period, we estimate a spatial autoregressive model using co …

Persistent link: https://www.econbiz.de/10013313196

Venture capital financing and green patenting

Bellucci, Andrea; Fatica, Serena; Georgakaki, Aliki; … - 2021

This paper explores the role of green innovation in attracting venture capital (VC) financing. We use a unique dataset … that matches information on VC transactions, companies' balance sheet variables and data on patented innovation at the firm … patents at the firm level, we show that green innovators are more likely to receive VC funding than firms without green …

Persistent link: https://www.econbiz.de/10012813459