Data/hora: 12/06/2024 13:53:47

Provedor de dados: | 31
País: | United States
Título: | How Large Are the Welfare Gains from Technological Innovation Induced by Environmental Policies?
Autores: | Parry,   Ian W.H.; Pizer,   William A.; Fischer,   Carolyn.
Data: | 2005-10-26
Ano: | 2002
Palavras-chave: | Innovation; Welfare; Regulation; Endogenous; Technological; Change; R&amp;D; Environmental Economics and Policy; Q16; Q28; O32; O33.
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.
Tipo: | Working or Discussion Paper
Idioma: | Inglês

Identificador:

18587

http://purl.umn.edu/10448

Editor: | AgEcon Search

Relação:

Resources for the Future&gt;Discussion Papers

Discussion Paper 00-15-REV

Formato:

29

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