Allocation of pollution abatement under learning by doing

Autor:	Yann Bramoullé, Lars J. Olson
Rok vydání:	2005
Předmět:	Pollution Economics and Econometrics Technological change media_common.quotation_subject Economics Environmental policy Environmental economics Finance Technical change media_common Learning-by-doing (economics)
Zdroj:	Journal of Public Economics. 89:1935-1960
ISSN:	0047-2727
DOI:	10.1016/j.jpubeco.2004.06.007
Popis:	This paper examines how learning by doing affects the allocation of pollution abatement between heterogeneous technologies over time. The optimal policy balances current abatement costs against reductions in future costs and infant technologies may be preferred to mature technologies despite greater initial costs. We characterize when a technological winner might emerge and we identify conditions under which optimal abatement is shared across all technologies. Pigouvian taxes can implement the first-best, but may need to be differentiated across technologies. When technical change is induced, an important role of environmental policies is to put abatement on the right technological trajectories.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::2da41effa5c4f527a3a1126b79fed47d https://doi.org/10.1016/j.jpubeco.2004.06.007 Zobrazit plný text záznamu Full Text from ScienceDirect