The Regulation of Environmental Innovations

descriptionPublicationkeyboard_double_arrow_right Article 01 Sep 2002 English Publisher:Elsevier BVJournal:Journal of Environmental Economics and Management, volume 44, pages 242-260 (issn: 0095-0696,

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Authors: Tsur, Yacov; Zemel, Amos;

doi: 10.1006/jeem.2001.1207

The Regulation of Environmental Innovations

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Abstract

In the paper an interesting model of the regulation of the environmental R\&D (research and development) projects with perfect and imperfect (asymmetric) information is presented. In the R\&D model the evaluation of projects is based (only) on the completion time. When the project duration is uncertain to the parties, the model is formulated in terms of a completion time limit.

Related Organizations

University of Minnesota
United States
Hebrew University of Jerusalem
Israel
Ben-Gurion University of the Negev
Israel
University of Minnesota Morris
United States

Keywords

Environmental economics (natural resource models, harvesting, pollution, etc.), environmental regulation, auction, incentive contracts, R\&D, intertemporal projects, pollution abatement

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