|Appears in Collections:||Economics Journal Articles|
|Peer Review Status:||Refereed|
|Title:||Technology-forcing through environmental regulation|
de, Vries Frans
|Citation:||Nentjes A, de Vries F & Wiersma D (2007) Technology-forcing through environmental regulation, European Journal of Political Economy, 23 (4), pp. 903-916.|
|Abstract:||This paper analyzes the demand characteristics of innovation in pollution abatement and the interaction between a regulator and a polluter under a technology-forcing policy. Important demand-driven determinants of innovation in pollution control are examined, such as uncertainties surrounding unexplored technologies, the length of the compliance period and the maximum abatement costs the regulator is willing to accept. We derive the formal condition that the regulator balances the marginal utility of emissions reduction against the marginal disutilities of a longer compliance time and the increased uncertainty about the feasibility of a more stringent standard.|
|Rights:||The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.|
|Affiliation:||University of Groningen|
University of Groningen
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