Kalkuhl, Matthias; Edenhofer, Ottmar; Lessmann, Kai - In: Resource and Energy Economics 34 (2012) 1, pp. 1-23
government intervention, we compare welfare-maximizing technology policies including subsidies, quotas, and taxes with regard to …We investigate conditions that amplify market failures in energy innovations, and suggest optimal policy instruments to … technologies are very good substitutes. Such a ‘lock-in’ into an inferior technology causes significantly higher welfare losses …