On the Implications of Technological Innovation for Environmental Policy

This paper draws on a number of recent studies to shed light on several policy issues raised by the impact of environmental policies on technological innovation. First, to what extent does induced innovation raise the overall net benefits to society from environmental policies? Second, how does induced innovation affect the appropriate choice among alternative environmental policy instruments? Third, how does it affect the optimal stringency of environmental regulations? Fourth, should environmental policies be supplemented with additional policies to promote innovation, such as research contracts or prizes for new technologies?


Issue Date:
2001
Publication Type:
Working or Discussion Paper
Record Identifier:
http://ageconsearch.umn.edu/record/10797
PURL Identifier:
http://purl.umn.edu/10797
Total Pages:
32
JEL Codes:
Q28; O38
Series Statement:
Discussion Paper 01-44




 Record created 2017-04-01, last modified 2018-01-22

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