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| Tekijä: | Heyes, A. Liston-Heyes, C. |
| Otsikko: | Regulatory "balancing" and the efficiency of green R&D |
| Lehti: | Environmental and Resource Economics
1997 : JUN, VOL. 9:4, p. 493-507 |
| Asiasana: | ENVIRONMENTAL PROTECTION REGULATIONS COST BENEFIT ANALYSIS TECHNOLOGICAL CHANGE R&D |
| Kieli: | eng |
| Tiivistelmä: | This paper indentifies and analyses several dynamic implications of setting environmental standards such as to balance marginal costs and benefits. The use of this kind of regulatory approach is shown to effect the speed of improvement of abatement technologies, the direction of the improvement, its source and the distribution of the rents from it, and the rate of development of defensive technologies. In the context of a diagrammatic model existing view are thoroughly synthesised. For regulators and legislators the message of the analysis is that cost-benefit balancing should be done with care. |
SCIMA