Article: article from journal or magazin.
Environmental Standards and Industrial Policy
Journal of Environmental Economics and Management
The paper analyzes a regulatory problem where the government can commit to adopting stricter environmental standards but not to a date of regulatory change. The issue is to find a path toward more stringent environmental requirements which avoids putting domestic firms at a competitive disadvantage. We show how the government can use the threat of an immediate tightening of environmental standards to induce domestic firms to develop a technology capable of coping with those standards.
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