Série Scientifique Scientific Series No 95s-11 INNOVATION UNDER THE THREAT OF STRICTER ENVIRONMENTAL STANDARDS

نویسندگان

  • Olivier Cadot
  • Bernard Sinclair-Desgagné
  • Carlo Carraro
  • Udo Ebert
چکیده

Résumé This paper considers the threat of stricter regulation as a policy instrument to enhance innovation into cleaner technology. It is argued that in some contexts the government would find it optimal to regulate with positive probability but not with certainty. In those contexts the optimal policy is indeed made of regulatory threats; furthermore, we show that it is time-consistent, credible, involving little information, and immune to ex post renegotiation. Ce document considère la menace d’une réglementation environnementale plus stricte en tant qu’instrument de politique économique visant à stimuler l’innovation. Il est démontré que, dans certains cas, le gouvernement préférerait réglementer avec une probabilité positive mais pas avec certitude. Dans ces situations, la politique optimale est en effet constituée de menaces de réglementation; il est de plus démontré qu’elle est cohérente dans le temps, crédible, peu exigeante en rcimonieuse et robuste à la renégociation.

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تاریخ انتشار 1997