Browsing Discussion Papers by Subject "Regulation"
Now showing items 1-2 of 2
-
Emission regulation: Prices, quantities and hybrids with endogenous technology choice
(Discussion Paper;No. 1003, Working paper, 2023-06)This paper examines the investment incentives of market-based regulation, with focus on the technology characteristics the different regulatory schemes tend to incentivize. The firms' technology choice is socially optimal ... -
Endogenous preferences and environmental policy
(Discussion Paper;No. 964, Working paper, 2021-10)This paper investigates environmental policy in the presence of endogenous preferences. The optimal time trajectory is achieved if and only if the consumer is perfectly time-consistent. The suboptimal trajectories do not ...