Announcing is Bad, Delaying is Worse: Another Pitfall in Well-intended Climate Policy

Summary It is frequently observed that the implementation of green policies is delayed compared to the initial announcement. Considering a setting with a representative monopolist extracting a nonrenewable resource, we demonstrate that announcing a green policy, but then delaying its implementation, is associated with a larger cumulative extraction at any point in time than announcing a late implementation of this policy at the outset.

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Year of publication:	2015
Authors:	Jus, Darko ; Meier, Volker
Published in:	Jahrbücher für Nationalökonomie und Statistik. - Lucius & Lucius, ISSN 2366-049X, ZDB-ID 2416178-0. - Vol. 235.2015, 3, p. 286-297
Publisher:	Lucius & Lucius
Subject:	Climate policy \| carbon taxation \| Kyoto protocol \| optimal control

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Type of publication:	Article
Type of publication (narrower categories):	research-article
Language:	German
Other identifiers:	10.1515/jbnst-2015-0304 [DOI]
Source:	Other ZBW resources

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