The Experts below are selected from a list of 380214 Experts worldwide ranked by ideXlab platform
Fabien Prieur - One of the best experts on this subject based on the ideXlab platform.
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Double Irreversibility and Environmental Policy Design
Journal of Public Economic Theory, 2013Co-Authors: Aude Pommeret, Fabien PrieurAbstract:The design of Environmental Policy typically takes place within a framework in which uncertainty over the future impact of pollution and two different kinds of irreversibilities interact. The first kind of irreversibility concerns the sunk cost of Environmental degradation; the second is related to the sunk cost of Environmental Policy. Clearly, the two irreversibilities pull in opposite directions: Policy irreversibility leads to more pollution and a less/later Policy while Environmental irreversibility generates less pollution and a more/sooner Policy. Using a real option approach and an infinite time horizon model, this paper considers both irreversibilities simultaneously. The model first is developed by paying particular attention to the option values related to pollution and Policy adoption. Solving the model in closed form then provides solutions for both the optimal pollution level and the optimal Environmental Policy timing. Finally, the model is "calibrated" with the purpose of appraising which irreversibility has the prevailing effect and what is the overall impact of both irreversibilities on pollution and Policy design.
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Double Irreversibility and Environmental Policy Timing
2013Co-Authors: Aude Pommeret, Fabien PrieurAbstract:The timing of Environmental Policy typically takes place within a framework in which uncertainty over the future impact of pollution and two different kinds of irreversibilities interact. The first kind of irreversibility concerns the sunk cost of Environmental degradation; the second is related to the sunk cost of Environmental Policy. Clearly, the two irreversibilities pull in opposite directions: Policy irreversibility leads to more pollution and a less/later Policy, while Environmental irreversibility generates less pollution and a more/sooner Policy. Using a real option approach and an infinite time horizon model, this paper considers both irreversibilities simultaneously. The model first is developed by paying particular attention to the option values related to pollution and Policy adoption. The Environmental Policy we consider consists in increasing the natural assimilation rate. Solving the model in closed form then provides solutions for both the optimal pollution level and the optimal Environmental Policy timing. Finally, we provide a numerical example with the purpose of appraising which irreversibility has the prevailing effect and what is the overall impact of both irreversibilities on pollution and Policy timing.
Aude Pommeret - One of the best experts on this subject based on the ideXlab platform.
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Double Irreversibility and Environmental Policy Design
Journal of Public Economic Theory, 2013Co-Authors: Aude Pommeret, Fabien PrieurAbstract:The design of Environmental Policy typically takes place within a framework in which uncertainty over the future impact of pollution and two different kinds of irreversibilities interact. The first kind of irreversibility concerns the sunk cost of Environmental degradation; the second is related to the sunk cost of Environmental Policy. Clearly, the two irreversibilities pull in opposite directions: Policy irreversibility leads to more pollution and a less/later Policy while Environmental irreversibility generates less pollution and a more/sooner Policy. Using a real option approach and an infinite time horizon model, this paper considers both irreversibilities simultaneously. The model first is developed by paying particular attention to the option values related to pollution and Policy adoption. Solving the model in closed form then provides solutions for both the optimal pollution level and the optimal Environmental Policy timing. Finally, the model is "calibrated" with the purpose of appraising which irreversibility has the prevailing effect and what is the overall impact of both irreversibilities on pollution and Policy design.
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Double Irreversibility and Environmental Policy Timing
2013Co-Authors: Aude Pommeret, Fabien PrieurAbstract:The timing of Environmental Policy typically takes place within a framework in which uncertainty over the future impact of pollution and two different kinds of irreversibilities interact. The first kind of irreversibility concerns the sunk cost of Environmental degradation; the second is related to the sunk cost of Environmental Policy. Clearly, the two irreversibilities pull in opposite directions: Policy irreversibility leads to more pollution and a less/later Policy, while Environmental irreversibility generates less pollution and a more/sooner Policy. Using a real option approach and an infinite time horizon model, this paper considers both irreversibilities simultaneously. The model first is developed by paying particular attention to the option values related to pollution and Policy adoption. The Environmental Policy we consider consists in increasing the natural assimilation rate. Solving the model in closed form then provides solutions for both the optimal pollution level and the optimal Environmental Policy timing. Finally, we provide a numerical example with the purpose of appraising which irreversibility has the prevailing effect and what is the overall impact of both irreversibilities on pollution and Policy timing.
Jens Hemmelskamp - One of the best experts on this subject based on the ideXlab platform.
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Environmental Policy instruments and their effects on innovation
European Planning Studies, 1997Co-Authors: Jens HemmelskampAbstract:The influence of Environmental Policy on innovative behaviour of companies has so far recieved little attention in scientific discourse. Based on recent literature, the paper analyses the impact of requirements, levies, permits, liability laws, and the EC-eco- audit regulation with respect to the generation of Environmentally benign innovations. Most theoretical studies come to the conclusion that direct requirements provide little incentives for dynamic effects and that emission taxes and permits are better instruments to promote innovations. However, the empirical studies show that the dynamic effects of Environmental Policy instruments in practice partly differ from the ideal instruments analyzed in theoretical studies.
Adrian Smith - One of the best experts on this subject based on the ideXlab platform.
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Liberalisation and new Environmental Policy instruments
Environmental Politics, 1999Co-Authors: Adrian SmithAbstract:Deregulation in the European Union: Environmental Perspectives edited by Ute Collier (Routledge/European University Institute Environmental Policy Series). London: Routledge, 1998. Pp.x + 225; index. £47.50 (hardback only). ISBN 0 415 15694 7 New Instruments for Environmental Policy in the EU edited by Jonathan Golub (Routledge/European University Institute Environmental Policy Series). London: Routledge, 1998. Pp. xiv + 270; index. £50 (hardback only). ISBN 0 415 15696 3
Koen Frenken - One of the best experts on this subject based on the ideXlab platform.
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models in evolutionary economics and Environmental Policy towards an evolutionary Environmental economics
Technological Forecasting and Social Change, 2009Co-Authors: Albert Faber, Koen FrenkenAbstract:In this paper we review evolutionary economic modelling in relation to Environmental Policy. We discuss three areas in which evolutionary economic models have a particularly high added value for Environmental Policy-making: the double externality problem, technological transitions and consumer demand. We explore the possibilities to apply evolutionary economic models in Environmental Policy assessment, including the opportunities for making Policy-making endogenous to Environmental innovation. We end with a critical discussion of the challenges that remain.
