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Regulatory attitudes and environmental innovation in a model combining internal and external R&D
journal contribution
posted on 2023-06-08, 15:40 authored by Anthony Heyes, Sandeep KapurThe extent to which environmental regulatory institutions are either ‘green’ or ‘brown’ impacts not just the intensity of regulation at any moment, but also the incentives for the development of new pollution-control technologies. We set up a strategic model of R&D in which a polluter can deploy technologies developed in-house, or license technologies developed by specialist outsiders (an ‘eco-industry’). Polluters exert R&D effort and may even develop redundant technologies to improve the terms on which they procure technology from outside. We find that, while regulatory bias has an ambiguous impact on the best-available technology, strategic delegation to systematically biased regulators can improve social welfare.
History
Publication status
- Published
Journal
Journal of Environmental Economics and ManagementISSN
00950696Publisher
ElsevierExternal DOI
Issue
3Volume
61Page range
327-340Department affiliated with
- Economics Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2013-09-11Usage metrics
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