000037847 001__ 37847
000037847 005__ 20180122205628.0
000037847 037__ $$a828-2016-55180
000037847 041__ $$aen
000037847 084__ $$aH21
000037847 084__ $$aO30
000037847 084__ $$aQ42
000037847 245__ $$aLinking Environmental and Innovation Policy
000037847 260__ $$c2008-06
000037847 269__ $$a2008-06
000037847 270__ $$mreyer.gerlagh@manchester.ac.uk$$pGerlagh,   Reyer
000037847 270__ $$msnorre.kverndokk@frisch.uio.no$$pKverndokk,   Snorre
000037847 270__ $$mker@ssb.no$$pRosendahl,   Knut Einar
000037847 300__ $$a27
000037847 336__ $$aWorking or Discussion Paper
000037847 490__ $$aETA
000037847 490__ $$a53.2008
000037847 520__ $$aThis paper addresses the timing and interdependence between innovation and environmental policy in a model of research and development (R&D). On a first-best path the environmental tax is set at the Pigouvian level, independent of innovation policy. With infinite patent lifetime, the R&D subsidy should be constant and independent of the state of the environment. However, with finite patent lifetime, optimal innovation policy depends on the stage of the environmental problem. In the early stages of an environmental problem, abatement research should be subsidized at a high level and this subsidy should fall monotonically over time to stimulate initial R&D investments. Alternatively, with a constant R&D subsidy, patents’ length should initially have a very long life-time but this should be gradually shortened. In a second-best situation with no deployment subsidy for abatement equipment, we find that the environmental tax should be high compared to the Pigouvian levels when an abatement industry is developing, but the relative difference falls over time. That is, environmental policies will be accelerated compared to first-best.
000037847 542__ $$fLicense granted by Nancy Elera (nancy.elera@feem.it) on 2008-07-15T14:16:59Z (GMT):

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000037847 6531_ $$aEnvironmental Policy
000037847 6531_ $$aResearch and Development
000037847 6531_ $$aInnovation Subsidies
000037847 6531_ $$aPatents
000037847 700__ $$aGerlagh, Reyer
000037847 700__ $$aKverndokk, Snorre
000037847 700__ $$aRosendahl, Knut Einar
000037847 8564_ $$s574157$$uhttp://ageconsearch.umn.edu/record/37847/files/53-08.pdf
000037847 887__ $$ahttp://purl.umn.edu/37847
000037847 909CO $$ooai:ageconsearch.umn.edu:37847$$pGLOBAL_SET
000037847 912__ $$nSubmitted by Nancy Elera (nancy.elera@feem.it) on 2008-07-15T14:33:26Z
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000037847 912__ $$nMade available in DSpace on 2008-07-15T14:33:26Z (GMT). No. of bitstreams: 1
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  Previous issue date: 2008-06
000037847 982__ $$gFondazione Eni Enrico Mattei (FEEM)>Economic Theory and Applications Working Papers
000037847 980__ $$a828