The political economy of the green technology sector: A study about institutions, diffusion and efficiency

Autor:	Leo Wangler
Rok vydání:	2010
Předmět:	Economics and Econometrics Politics Order (exchange) Political economy Marginal product Economics Command and control Commercial law Induced demand Business and International Management Public choice Law Public finance
Zdroj:	European Journal of Law and Economics. 33:51-81
ISSN:	1572-9990 0929-1261
DOI:	10.1007/s10657-010-9149-z
Popis:	This paper discusses aspects related to the green technology sector (GT sector) in Germany. In a first step institutional reforms enabling diffusion of green technologies are analyzed. Cost arguments are also taken into account. In a second step a theoretical model developed by Tanguay et al. (Public Choice 120:1–27, 2004) is modified in order to evaluate the efficiency of the institutional setting in a political economy framework. The model is able to show that command and control policies (CCPs) are accompanied by cost-inefficiencies depending on the political weight of technology related interests groups. We further come to the result that relatively high marginal production costs may generate suboptimal high diffusion of a certain GT j. For relatively low marginal production costs policy induced demand may also be too low.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::5c9cec7d637d915892f772bf9f79c2ba https://doi.org/10.1007/s10657-010-9149-z Zobrazit plný text záznamu Full text from SpringerLink