Regulatory ‘balancing’ and the efficiency of green R&D
AbstractWe identify and analyse several dynamic implications of setting environmental standards such as to ‘balance’ marginal costs and benefits. The adoption of such a regulatory approach is shown to effect (i) the speed of improvement of abatement technologies; (ii) the ‘direction’ (in a sense to be defined) of that improvement; (iii) its source and the distribution of the rents from it; and (iv) the rate of development of defensive (averting) technologies. Existing views are thoroughly synthesised in the context of a simple diagrammatic model, several new results are derived and at least one conventional wisdom questioned. The message of the analysis for legislators and regulators is that cost-benefit balancing should be done with care. Copyright Kluwer Academic Publishers 1997
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by European Association of Environmental and Resource Economists in its journal Environmental & Resource Economics.
Volume (Year): 9 (1997)
Issue (Month): 4 (June)
Contact details of provider:
Web page: http://www.springerlink.com/link.asp?id=100263
environmental regulation; cost-benefit analysis; technical change;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Murdoch, James C. & Thayer, Mark A., 1990. "The benefits of reducing the incidence of nonmelanoma skin cancers: A defensive expenditures approach," Journal of Environmental Economics and Management, Elsevier, vol. 18(2), pages 107-119, March.
- J-J. Laffont & J. Tirole, 1994.
"A Note on Environmental Innovation,"
95-10, Massachusetts Institute of Technology (MIT), Department of Economics.
- Susse Georg & Inge Røpke & Ulrik Jørgensen, 1992. "Clean technology — Innovation and environmental regulation," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 2(6), pages 533-550, November.
- Mendelsohn, Robert, 1984. "Endogenous technical change and environmental regulation," Journal of Environmental Economics and Management, Elsevier, vol. 11(3), pages 202-207, September.
- Timothy J. Bartik, 2008.
"Evaluating the Benefits of Non-marginal Reductions in Pollution Using Information on Defensive Expenditures,"
Book chapters authored by Upjohn Institute researchers,
in: Joseph Herriges & Catherine L. Kling (ed.), Revealed Preference Approaches to Environmental Valuation, volume 0, pages 459-475
W.E. Upjohn Institute for Employment Research.
- Bartik, Timothy J., 1988. "Evaluating the benefits of non-marginal reductions in pollution using information on defensive expenditures," Journal of Environmental Economics and Management, Elsevier, vol. 15(1), pages 111-127, March.
- Milliman, Scott R. & Prince, Raymond, 1989. "Firm incentives to promote technological change in pollution control," Journal of Environmental Economics and Management, Elsevier, vol. 17(3), pages 247-265, November.
- Downing, Paul B. & White, Lawrence J., 1986. "Innovation in pollution control," Journal of Environmental Economics and Management, Elsevier, vol. 13(1), pages 18-29, March.
- Luken, Ralph A & Fraas, Arthur G, 1993. "The U.S. Regulatory Analysis Framework: A Review," Oxford Review of Economic Policy, Oxford University Press, vol. 9(4), pages 96-111, Winter.
- René Kemp & Xander Olsthoorn & Frans Oosterhuis & Harmen Verbruggen, 1992. "Supply and demand factors of Cleaner technologies: Some empirical evidence," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 2(6), pages 615-634, November.
- Pearce, David & Brisson, Inger, 1993. "BATNEEC: The Economics of Technology-Based Environmental Standards with a UK Case Illustration," Oxford Review of Economic Policy, Oxford University Press, vol. 9(4), pages 24-40, Winter.
- Yao, Dennis A., 1988. "Strategic responses to automobile emissions control: A game-theoretic analysis," Journal of Environmental Economics and Management, Elsevier, vol. 15(4), pages 419-438, December.
- Brown, Deborah & Smith, Martha, 1984. "Crop substitution in the estimation of economic benefits due to ozone reduction," Journal of Environmental Economics and Management, Elsevier, vol. 11(4), pages 347-362, December.
- Harford, Jon D., 1984. "Averting behavior and the benefits of reduced soiling," Journal of Environmental Economics and Management, Elsevier, vol. 11(3), pages 296-302, September.
- McCain, Roger A, 1978. "Endogenous Bias in Technical Progress and Environmental Policy," American Economic Review, American Economic Association, vol. 68(4), pages 538-46, September.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.