Profit-maximizing R&D in response to a random carbon tax
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Kolstad, Charles D., 1996. "Learning and Stock Effects in Environmental Regulation: The Case of Greenhouse Gas Emissions," Journal of Environmental Economics and Management, Elsevier, vol. 31(1), pages 1-18, July.
- Y.H. Farzin & P.M. Kort, 2000.
"Pollution Abatement Investment When Environmental Regulation Is Uncertain,"
Journal of Public Economic Theory, Association for Public Economic Theory, vol. 2(2), pages 183-212, April.
- Kort, P.M. & Farzin, Y.H., 2000. "Pollution abatement investment when environmental regulation is uncertain," Other publications TiSEM 90e78d8b-95d9-4d17-9d0f-4, Tilburg University, School of Economics and Management.
- Susan Athey & Armin Schmutzler, 1995. "Product and Process Flexibility in an Innovative Environment," RAND Journal of Economics, The RAND Corporation, vol. 26(4), pages 557-574, Winter.
- Hassett, Kevin A & Metcalf, Gilbert E, 1999.
"Investment with Uncertain Tax Policy: Does Random Tax Policy Discourage Investment?,"
Economic Journal, Royal Economic Society, vol. 109(457), pages 372-393, July.
- Kevin Hassett & Gilbert E. Metcalf, 1994. "Investment with Uncertain Tax Policy: Does Random Tax Policy Discourage Investment?," NBER Working Papers 4780, National Bureau of Economic Research, Inc.
- Kevin A. Hassett & Gilbert E. Metcalf, 1998. "Investment With Uncertain Tax Policy: Does Random Tax Policy Discourage Investment?," Discussion Papers Series, Department of Economics, Tufts University 9823, Department of Economics, Tufts University.
- Parry, Ian W H, 1998.
"Pollution Regulation and the Efficiency Gains from Technological Innovation,"
Journal of Regulatory Economics, Springer, vol. 14(3), pages 229-254, November.
- Parry, Ian W.H., 1997. "Pollution Regulation and the Efficiency Gains from Technological Innovation," Discussion Papers 10653, Resources for the Future.
- Parry, Ian, 1997. "Pollution Regulation and the Efficiency Gains from Technological Innovation," RFF Working Paper Series dp-98-04, Resources for the Future.
- Montero, Juan-Pablo, 2002. "Permits, Standards, and Technology Innovation," Journal of Environmental Economics and Management, Elsevier, vol. 44(1), pages 23-44, July.
- Lawrence H. Goulder & Ian W.H. Parry & Roberton C. Williams III & Dallas Burtraw, 2002.
"The Cost-Effectiveness of Alternative Instruments for Environmental Protection in a Second-Best Setting,"
Chapters, in: Lawrence H. Goulder (ed.), Environmental Policy Making in Economies with Prior Tax Distortions, chapter 27, pages 523-554,
Edward Elgar Publishing.
- Goulder, Lawrence H. & Parry, Ian W. H. & Williams III, Roberton C. & Burtraw, Dallas, 1999. "The cost-effectiveness of alternative instruments for environmental protection in a second-best setting," Journal of Public Economics, Elsevier, vol. 72(3), pages 329-360, June.
- Burtraw, Dallas & Parry, Ian & Goulder, Lawrence & Williams III, Roberton, 1998. "The Cost-Effectiveness of Alternative Instruments for Environmental Protection in a Second-Best Setting," RFF Working Paper Series dp-98-22, Resources for the Future.
- Lawrence H. Goulder & Ian W. H. Parry & Roberton C. Williams III & Dallas Burtraw, 1998. "The Cost-Effectiveness of Alternative Instruments for Environmental Protection in a Second-Best Setting," NBER Working Papers 6464, National Bureau of Economic Research, Inc.
- Goulder, Lawrence H. & Parry, Ian W.H. & Williams, Roberton C., III & Burtraw, Dallas, 1998. "The Cost-Effectiveness of Alternative Instruments for Environmental Protection in a Second-Best Setting," Discussion Papers 10522, Resources for the Future.
- Gollier, Christian & Jullien, Bruno & Treich, Nicolas, 2000.
"Scientific progress and irreversibility: an economic interpretation of the 'Precautionary Principle',"
Journal of Public Economics, Elsevier, vol. 75(2), pages 229-253, February.
- C. Gollier & Bruno Jullien & Nicolas N. Treich, 2000. "Scientific progress and irreversibility : an economic interpretation of the Precautionary principle [[Progrès scientifique et irréversibilité : une interprétation économique du principe de précauti," Post-Print hal-02687900, HAL.
- Alistair Ulph & David Ulph, "undated". "Global Warming, Irreversibility And Learning," ELSE working papers 056, ESRC Centre on Economics Learning and Social Evolution.
- Avinash K. Dixit & Robert S. Pindyck, 1994. "Investment under Uncertainty," Economics Books, Princeton University Press, edition 1, number 5474.
- David Popp, 2004. "ENTICE-BR: The Effects of Backstop Technology R&D on Climate Policy Models," NBER Working Papers 10285, National Bureau of Economic Research, Inc.
- Kevin A. Hassett, 1999.
"Tax Policy and Investment,"
Books,
American Enterprise Institute, number 53049, September.
- Kevin A. Hassett & R. Glenn Hubbard, 1996. "Tax Policy and Investment," NBER Working Papers 5683, National Bureau of Economic Research, Inc.
- Baker, Erin, 2005. "Uncertainty and learning in a strategic environment: global climate change," Resource and Energy Economics, Elsevier, vol. 27(1), pages 19-40, January.
- Rothschild, Michael & Stiglitz, Joseph E., 1971. "Increasing risk II: Its economic consequences," Journal of Economic Theory, Elsevier, vol. 3(1), pages 66-84, March.
- Keller, Klaus & Bolker, Benjamin M. & Bradford, D.F.David F., 2004. "Uncertain climate thresholds and optimal economic growth," Journal of Environmental Economics and Management, Elsevier, vol. 48(1), pages 723-741, July.
- Milliman, Scott R. & Prince, Raymond, 1989. "Firm incentives to promote technological change in pollution control," Journal of Environmental Economics and Management, Elsevier, vol. 17(3), pages 247-265, November.
- Fullerton, Don & McDermott, Shaun P. & Caulkins, Jonathan P., 1997.
"Sulfur Dioxide Compliance of a Regulated Utility,"
Journal of Environmental Economics and Management, Elsevier, vol. 34(1), pages 32-53, September.
- Don Fullerton & Shaun P. McDermott & Jonathan P. Caulkins, 1996. "Sulfur Dioxide Compliance of a Regulated Utility," NBER Working Papers 5542, National Bureau of Economic Research, Inc.
- Popp, David, 2004. "ENTICE: endogenous technological change in the DICE model of global warming," Journal of Environmental Economics and Management, Elsevier, vol. 48(1), pages 742-768, July.
- Milgrom, Paul & Roberts, John, 1994. "Comparing Equilibria," American Economic Review, American Economic Association, vol. 84(3), pages 441-459, June.
- Fischer, Carolyn & Parry, Ian W. H. & Pizer, William A., 2003.
"Instrument choice for environmental protection when technological innovation is endogenous,"
Journal of Environmental Economics and Management, Elsevier, vol. 45(3), pages 523-545, May.
- Fischer, Carolyn & Parry, Ian W.H. & Pizer, William A., 1998. "Instrument Choice for Environmental Protection When Technological Innovation Is Endogenous," Discussion Papers 10812, Resources for the Future.
- Parry, Ian & Pizer, William & Fischer, Carolyn, 1998. "Instrument Choice for Environmental Protection When Technological Innovation is Endogenous," RFF Working Paper Series dp-99-04, Resources for the Future.
- William D. Nordhaus & David Popp, 1997.
"What is the Value of Scientific Knowledge? An Application to Global Warming Using the PRICE Model,"
The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 1-45.
- William D. Nordhaus & David Popp, 1996. "What is the Value of Scientific Knowledge? An Application to Global Warming Using the PRICE Model," Cowles Foundation Discussion Papers 1117, Cowles Foundation for Research in Economics, Yale University.
- Ulph, Alistair & Ulph, David, 1997. "Global Warming, Irreversibility and Learning," Economic Journal, Royal Economic Society, vol. 107(442), pages 636-650, May.
- Downing, Paul B. & White, Lawrence J., 1986. "Innovation in pollution control," Journal of Environmental Economics and Management, Elsevier, vol. 13(1), pages 18-29, March.
- Mort Webster, 2002. "The Curious Role of "Learning" in Climate Policy: Should We Wait for More Data?," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 97-119.
- Jung, Chulho & Krutilla, Kerry & Boyd, Roy, 1996. "Incentives for Advanced Pollution Abatement Technology at the Industry Level: An Evaluation of Policy Alternatives," Journal of Environmental Economics and Management, Elsevier, vol. 30(1), pages 95-111, January.
- Rothschild, Michael & Stiglitz, Joseph E., 1970. "Increasing risk: I. A definition," Journal of Economic Theory, Elsevier, vol. 2(3), pages 225-243, September.
- Goulder, Lawrence H. & Mathai, Koshy, 2000. "Optimal CO2 Abatement in the Presence of Induced Technological Change," Journal of Environmental Economics and Management, Elsevier, vol. 39(1), pages 1-38, January.
- Buonanno, Paolo & Carraro, Carlo & Galeotti, Marzio, 2003. "Endogenous induced technical change and the costs of Kyoto," Resource and Energy Economics, Elsevier, vol. 25(1), pages 11-34, February.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Baker, Erin & Adu-Bonnah, Kwame, 2008. "Investment in risky R&D programs in the face of climate uncertainty," Energy Economics, Elsevier, vol. 30(2), pages 465-486, March.
- Erin Baker, 2009. "Optimal Policy under Uncertainty and Learning about Climate Change: A Stochastic Dominance Approach," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 11(5), pages 721-747, October.
- Baker, Erin & Shittu, Ekundayo, 2008. "Uncertainty and endogenous technical change in climate policy models," Energy Economics, Elsevier, vol. 30(6), pages 2817-2828, November.
- Baker, Erin & Clarke, Leon & Shittu, Ekundayo, 2008. "Technical change and the marginal cost of abatement," Energy Economics, Elsevier, vol. 30(6), pages 2799-2816, November.
- Baker, Erin, 2005. "Uncertainty and learning in a strategic environment: global climate change," Resource and Energy Economics, Elsevier, vol. 27(1), pages 19-40, January.
- Popp, David & Newell, Richard G. & Jaffe, Adam B., 2010.
"Energy, the Environment, and Technological Change,"
Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 2, chapter 0, pages 873-937,
Elsevier.
- David Popp & Richard G. Newell & Adam B. Jaffe, 2009. "Energy, the Environment, and Technological Change," NBER Working Papers 14832, National Bureau of Economic Research, Inc.
- Ralph Winkler, 2008. "Optimal compliance with emission constraints: dynamic characteristics and the choice of technique," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 39(4), pages 411-432, April.
- Parry, Ian W H & Pizer, William A & Fischer, Carolyn, 2003.
"How Large Are the Welfare Gains from Technological Innovation Induced by Environmental Policies?,"
Journal of Regulatory Economics, Springer, vol. 23(3), pages 237-255, May.
- Parry, Ian W.H. & Pizer, William A. & Fischer, Carolyn, 2002. "How Large Are the Welfare Gains from Technological Innovation Induced by Environmental Policies?," Discussion Papers 10448, Resources for the Future.
- Parry, Ian & Pizer, William & Fischer, Carolyn, 2002. "How Large Are the Welfare Gains from Technological Innovation Induced by Environmental Policies?," RFF Working Paper Series dp-00-15-rev, Resources for the Future.
- Parry, Ian & Pizer, William & Fischer, Carolyn, 2002. "How Large Are the Welfare Gains from Technological Innovation Induced by Environmental Policies?," RFF Working Paper Series dp-02-57, Resources for the Future.
- Parry, Ian W.H. & Pizer, William A. & Fischer, Carolyn, 2002. "How Large Are the Welfare Gains from Technological Innovation Induced by Environmental Policies?," Discussion Papers 10621, Resources for the Future.
- Fischer, Carolyn & Newell, Richard G., 2005. "Environmental and Technology Policies for Climate Change and Renewable Energy," Discussion Papers 10789, Resources for the Future.
- Dagmar Nelissen & Till Requate, 2007.
"Pollution-reducing and resource-saving technological progress,"
International Journal of Agricultural Resources, Governance and Ecology, Inderscience Enterprises Ltd, vol. 6(1), pages 5-44.
- Nelissen, Dagmar & Requate, Till, 2004. "Pollution-Reducing and Resource-Saving Technological Progress," Economics Working Papers 2004-07, Christian-Albrechts-University of Kiel, Department of Economics.
- Tarui, Nori & Polasky, Stephen, 2005. "Environmental regulation with technology adoption, learning and strategic behavior," Journal of Environmental Economics and Management, Elsevier, vol. 50(3), pages 447-467, November.
- Fischer, Carolyn & Newell, Richard G., 2008.
"Environmental and technology policies for climate mitigation,"
Journal of Environmental Economics and Management, Elsevier, vol. 55(2), pages 142-162, March.
- Fischer, Carolyn & Newell, Richard, 2004. "Environmental and Technology Policies for Climate Mitigation," RFF Working Paper Series dp-04-05, Resources for the Future.
- Requate, Till, 2005. "Dynamic incentives by environmental policy instruments--a survey," Ecological Economics, Elsevier, vol. 54(2-3), pages 175-195, August.
- Peterson, Sonja, 2006. "Uncertainty and economic analysis of climate change: a survey of approaches and findings," Open Access Publications from Kiel Institute for the World Economy 3778, Kiel Institute for the World Economy (IfW Kiel).
- Michael Toman, 1998.
"Research Frontiers in the Economics of Climate Change,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 11(3), pages 603-621, April.
- Toman, Michael, 1998. "Research Frontiers in the Economics of Climate Change," RFF Working Paper Series dp-98-32, Resources for the Future.
- Toman, Michael, 1998. "Research Frontiers in the Economics of Climate Change," Discussion Papers 10507, Resources for the Future.
- Baker, Erin & Chon, Haewon & Keisler, Jeffrey, 2009. "Advanced solar R&D: Combining economic analysis with expert elicitations to inform climate policy," Energy Economics, Elsevier, vol. 31(Supplemen), pages 37-49.
- Richard S. J. Tol & In Chang Hwang & Frédéric Reynès, 2012.
"The Effect of Learning on Climate Policy under Fat-tailed Uncertainty,"
Working Paper Series
5312, Department of Economics, University of Sussex Business School.
- Hwang, In Chang & Reynes, Frederic & Tol, Richard, 2014. "The effect of learning on climate policy under fat-tailed uncertainty," MPRA Paper 53681, University Library of Munich, Germany.
- Stavins, Robert & Jaffe, Adam & Newell, Richard, 2000.
"Technological Change and the Environment,"
Working Paper Series
rwp00-002, Harvard University, John F. Kennedy School of Government.
- Jaffe, Adam B. & Newell, Richard G. & Stavins, Robert N., 2001. "Technological Change and the Environment," Discussion Papers 10566, Resources for the Future.
- Stavins, Robert & Jaffe, Adam & Newell, Richard, 2000. "Technological Change and the Environment," RFF Working Paper Series dp-00-47, Resources for the Future.
- Adam B. Jaffe & Richard G. Newell & Robert N. Stavins, 2000. "Technological Change and the Environment," NBER Working Papers 7970, National Bureau of Economic Research, Inc.
- Parry, Ian & Pizer, William & Fischer, Carolyn, 2000.
"How Important is Technological Innovation in Protecting the Environment?,"
RFF Working Paper Series
dp-00-15, Resources for the Future.
- Parry, Ian W.H. & Pizer, William A. & Fischer, Carolyn, 2000. "How Important is Technological Innovation in Protecting the Environment?," Discussion Papers 10883, Resources for the Future.
- Fischer, Carolyn & Parry, Ian W. H. & Pizer, William A., 2003.
"Instrument choice for environmental protection when technological innovation is endogenous,"
Journal of Environmental Economics and Management, Elsevier, vol. 45(3), pages 523-545, May.
- Parry, Ian & Pizer, William & Fischer, Carolyn, 1998. "Instrument Choice for Environmental Protection When Technological Innovation is Endogenous," RFF Working Paper Series dp-99-04, Resources for the Future.
- Fischer, Carolyn & Parry, Ian W.H. & Pizer, William A., 1998. "Instrument Choice for Environmental Protection When Technological Innovation Is Endogenous," Discussion Papers 10812, Resources for the Future.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:resene:v:28:y:2006:i:2:p:160-180. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/505569 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.