G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w16303
来源IDWorking Paper 16303
Regulatory Choice with Pollution and Innovation
Charles D. Kolstad
发表日期2010-08-27
出版年2010
语种英语
摘要This paper develops a simple model of a polluting industry and an innovating firm. The polluting industry is faced with regulation and costly abatement. Regulation may be taxes or marketable permits. The innovating firm invests in R&D and develops technologies which reduce the cost of pollution abatement. The innovating firm can patent this innovation and use a licensing fee to generate revenue. In a world of certainty, the first best level of innovation and abatement can be supported by either a pollution tax or a marketable permit. However, the returns to the innovator from innovation are not the same under the two regimes. A marketable permit system allows the innovator to capture all of the gains to innovation; a tax system involves sharing the gains of innovation between the innovator and the polluting industry.
主题Industrial Organization ; Regulatory Economics ; Environmental and Resource Economics ; Environment
URLhttps://www.nber.org/papers/w16303
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/573977
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GB/T 7714
Charles D. Kolstad. Regulatory Choice with Pollution and Innovation. 2010.
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