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| Tekijä: | Hart, R. |
| Otsikko: | Growth, environment and innovation - a model with production vintages and environmentally oriented research |
| Lehti: | Journal of Environmental Economics and Management
2004 : NOV, VOL. 48:3, p. 1078-1098 |
| Asiasana: | environmental quality MONOPOLY taxation |
| Kieli: | eng |
| Tiivistelmä: | This paper discusses environmental growth and striving for monopoly profits. The author develops an innovative environmental new growth model, and solves for planner's, laissez-faire, and regulator's solutions, and examines welfare implications and the various distortions in the model (monopoly power, knowledge spillovers, business stealing, environmental externalities). Environmental sales taxes do not only give incentives to reduce pollution, but also shift profits from old vintages to new, thus raising incentives to come up with newer vintages. |
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