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Policy-Induced Technology Adoption: Evidence from the U.S. Lead Phasedown AgEcon
Kerr, Suzi; Newell, Richard G..
The theory of environmental regulation suggests that economic instruments, such as taxes and tradable permits, create more effective technology adoption incentives than conventional regulatory standards. We explore this issue for an important industry undergoing technological responses to a dramatic decrease in allowed pollution levels - the petroleum industry's phasedown of lead in gasoline. Using a panel of refineries from 1971 to 1995, we provide some of the first direct evidence that alternative policies affect the pattern of adoption in expected ways. Importantly, we find that the tradable permit system used during the lead phasedown provided incentives for more efficient technology adoption decisions. Where environmentally appropriate, this suggests...
Tipo: Working or Discussion Paper Palavras-chave: Technology; Adoption; Diffusion; Environment; Regulation; Lead; Gasoline; Tradable permit; Incentive-based policy; Research and Development/Tech Change/Emerging Technologies; C41; L71; O31; O33; Q28; Q48.
Ano: 2001 URL: http://purl.umn.edu/10834
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Climate Change Policy AgEcon
Shogren, Jason F.; Toman, Michael.
Having risen from relative obscurity as few as ten years ago, climate change now looms large among environmental policy issues. Its scope is global; the potential environmental and economic impacts are ubiquitous; the potential restrictions on human choices touch the most basic goals of people in all nations; and the sheer scope of the potential response - a significant shift away from using fossil fuels as the primary energy source in the modern economy -is daunting. In this paper, we explore the economics of climate change policy. We examine the risks that climate change poses for society, the benefits of protection against the effects of climate change, and the costs of alternative protection policies. We organize our discussion around three broad...
Tipo: Working or Discussion Paper Palavras-chave: Climate change; Incentive-based policy; International environmental cooperation; Benefit-cost analysis; Environmental Economics and Policy; Q25; Q28; Q48.
Ano: 2000 URL: http://purl.umn.edu/10767
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