Innovation Under the Threat of Stricter Environmental Standards

Details

Serval ID
serval:BIB_2BE3F4821E3B
Type
A part of a book
Collection
Publications
Title
Innovation Under the Threat of Stricter Environmental Standards
Title of the book
Environmental Policy and Market Structure
Author(s)
Cadot O., Desgagné B.
Publisher
Springer Netherlands
Address of publication
Boston, USA
ISBN
978-90-481-4600-0
978-94-015-8642-9
Publication state
Published
Issued date
1996
Editor
Carraro C., Katsoulacos Y., Xepapadeas A.
Volume
4
Series
Economics, Energy and Environment
Pages
131-141
Language
english
Abstract
This paper considers the threat of stricter regulation as a policy instrument to enhance innovation into cleaner technology. It is argued that in some contexts the government would find it optimal to regulate with positive probability but not with certainty. In those contexts the optimal policy is indeed made of regulatory threats; furthermore, we show that it is time-consistent, credible, involving little information, and immune to ex post renegotiation.
Keywords
environmental regulation, innovation, réglementation environnementale, innovation
Create date
19/11/2007 9:57
Last modification date
20/08/2019 13:11
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