Policy dilemma of innovation: An info-gap approach

Yakov Ben-Haim, Craig D. Osteen and L. Joe Moffitt

Ecological Economics, 2013, vol. 85, issue C, 130-138

Abstract: New ideas or technologies are often advocated because of their purported improvements on existing methods. However, what is new is usually less well-known and less widely tested than what is old. New methods may entail greater unknown dangers as well as greater potential advantages. The policy maker who must choose between innovation and convention faces a dilemma of innovation. We present a methodology, based on info-gap robustness, to deal with the innovation dilemma. We illustrate the approach by examining the policy decisions for managing the light brown apple moth in California.

Keywords: Innovation; Policy selection; Robustness to uncertainty; Info-gaps; Light brown apple moth (search for similar items in EconPapers)
JEL-codes: O31 O33 O38 Q55 Q58 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:85:y:2013:i:c:p:130-138

DOI: 10.1016/j.ecolecon.2012.08.011

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