Série Scientifique Scientific Series No 95s-11 INNOVATION UNDER THE THREAT OF STRICTER ENVIRONMENTAL STANDARDS
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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 dune réglementation environnementale plus stricte en tant quinstrument de politique économique visant à stimuler linnovation. 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 quelle est cohérente dans le temps, crédible, peu exigeante en rcimonieuse et robuste à la renégociation.
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تاریخ انتشار 1997