| Registro completo |
| Provedor de dados: |
31
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| País: |
United States
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| Título: |
How Large Are the Welfare Gains from Technological Innovation Induced by Environmental Policies?
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| Autores: |
Parry, Ian W.H.
Pizer, William A.
Fischer, Carolyn
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| Data: |
2005-10-26
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| Ano: |
2002
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| Palavras-chave: |
Innovation
Welfare
Regulation
Endogenous
Technological
Change
R&D
Environmental Economics and Policy
Q16
Q28
O32
O33
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| Resumo: |
This paper examines whether the welfare gains from technological innovation that reduces future abatement costs are larger or smaller than the Pigouvian welfare gains from optimal pollution control. The relative welfare gains from innovation depend on three key factors ¾ the initially optimal level of abatement, the speed at which innovation reduces future abatement costs, and the discount rate. We calculate the welfare gains from innovation under a variety of different scenarios. Mostly they are less than the Pigouvian welfare gains. To be greater, innovation must reduce abatement costs substantially and quickly and the initially optimal abatement level must be fairly modest.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
18587
http://purl.umn.edu/10448
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| Editor: |
AgEcon Search
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| Relação: |
Resources for the Future>Discussion Papers
Discussion Paper 00-15-REV
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| Formato: |
29
application/pdf
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