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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 Kapur
The 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 Management

ISSN

00950696

Publisher

Elsevier

Issue

3

Volume

61

Page range

327-340

Department affiliated with

  • Economics Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2013-09-11

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