Generational welfare under a climate-change policy with induced innovation

Scandinavian Journal of Economics

Volumn 113, Issue 4, 2011, Pages 904-936

  Laurent Lucchetti, Jérémy ^a   Leach, Andrew J ^b  

^a UNIVERSITY OF BERN   (Switzerland)

^b UNIVERSITY OF ALBERTA   (Canada)

Author keywords

Environmental policy; Research and development; Technological change

Indexed keywords

CLIMATE CHANGE; ENVIRONMENTAL POLICY; HETEROGENEITY; INNOVATION; RESEARCH AND DEVELOPMENT; TECHNOLOGICAL CHANGE;

EID: 82455195053     PISSN: 03470520     EISSN: 14679442     Source Type: Journal    
DOI: 10.1111/j.1467-9442.2011.01680.x     Document Type: Article

References (28)

1. Asheim, G. B. and Mitra, T. (2010), Sustainability and Discounted Utilitarianism in Models of Economic Growth, Mathematical Social Sciences 59, 148-169.
2. Buonanno, P., Carraro, C., and Galeotti, M. (2003), Endogenous Induced Technical Change and the Cost of Kyoto, Resource and Energy Economics 25, 11-34.
3. Gerlagh, R. (2008), A Climate-Change Policy Induced Shift from Innovations in Carbon-Energy Production to Carbon-Energy Savings, Energy Economics 30, 425-448.
4. Gerlagh, R. and Lise, W. (2003), Induced Technological Change Under Carbon Taxes, Fondazione Eni Enrico Mattei, Nota di Lavoro 84.2003.
5. Gerlagh, R. and van der Zwaan, B. (2001), The Effects of Ageing and an Environmental Trust Fund in an Overlapping Generations Model on Carbon Emission Reductions, Ecological Economics 36, 311-326.
6. Gerlagh, R. and van der Zwaan, B. (2003), Gross World Product and Consumption in a Global Warming Model with Endogenous Technical Change, Resource and Energy Economics 25, 35-57.
7. Gillingham, K., Newell, R. G., and Pizer, W. A. (2008), Modeling Endogenous Technological Change for Climate Policy Analysis, Energy Economics 30, 2734-2753.
8. Goulder, L. H. and Mathai, K. (2000), Optimal COAbatement in the Presence of Induced Technological Change, Journal of Environmental Economics and Management 39, 1-38.
9. Goulder, L. H. and Schneider, S. H. (1999), Induced Technological Change and the Attractiveness of COAbatement Policy, Resource and Energy Economics 21, 211-253.
10. Howarth, R. B. (1998), An Overlapping Generations Model of Climate-Economy Interactions, Scandinavian Journal of Economics 100, 575-591.
11. Intergovernmental Panel on Climate Change, (2000), IPCC Special Report on Emissions Scenarios, Cambridge University Press, Cambridge, UK.
12. International Energy Agency, (2008), World Energy Outlook: 2008, IEA Publications, Paris.
13. Jaffe, A. B., Newell, R. G., and Stavins, R. N. (2005), A Tale of Two Market Failures: Technology and Environmental Policy, Ecological Economics 54, 164-174.
14. John, A. and Pecchenino, R. (1994), An Overlapping Generations Model of Growth and the Environment, Economic Journal 104, 1393-1410.
15. John, A., Pecchenino, R., Schimmelpfennig, D., and Schreft, S. (1995), Short-Lived Agents and the Long-Lived Environment, Journal of Public Economics 58, 127-141.
16. Kavuncu, Y. O. and Knabb, S. D. (2005), Stabilizing Greenhouse Gas Emissions: Assessing the Intergenerational Costs and Benefits of the Kyoto Protocol, Energy Economics 27, 369-386.
17. Leach, A. J. (2009), The Welfare Implications of Climate Change Policy, Journal of Environmental Economics and Management 57, 151-165.
18. Loschel, A. (2002), Technological Change in Economic Models of Environmental Policy: A Survey, Ecological Economics 43, 105-126.
19. Newell, R. G., Jaffe, A. B., and Stavins, R. N. (1999), The Induced Innovation Hypothesis and Energy-Saving Technological Change, Quarterly Journal of Economics 114, 941-975.
20. Nordhaus, W. D. (2002), Modeling Induced Innovation in Climate-Change Policy, in A. Grubler, N. Nakićenović, and W. D. Nordhaus (eds.), Modeling Induced Innovation in Climate-Change Policy, Chapter 9, Resources for the Future Press, Washington, DC.
21. Nordhaus, W. D. and Boyer, J. (2000), Warming the World, MIT Press, Cambridge, MA.
22. Popp, D. (2002), Induced Innovation and Energy Prices, American Economic Review 92, 160-180.
23. Popp, D. (2004), ENTICE: Endogenous Technological Change in the DICE Model of Global Warming, Journal of Environmental Economics and Management 48, 742-768.
24. Popp, D. (2006a), ENTICE-BR: The Effects of Backstop Technology R&D on Climate Policy Models, Energy Economics 28, 188-222.
25. Popp, D. (2006b), R&D Subsidies and Climate Policy: Is There a Free Lunch?, Climatic Change 77, 311-341.
26. Popp, D. (2010), Innovation and Climate Policy, NBER Working Paper 15673.
27. United Nations Population Division, (2004), World Population Prospects Population Database, United Nations, New York.
28. van der Zwaan, B., Gerlagh, R., Klaassen, G., and Schrattenholzer, L. (2002), Endogenous Technological Change in Climate-Change Modelling, Energy Economics 24, 1-19.