Announcing is Bad, Delaying is Worse: Another Pitfall in Well-intended Climate Policy

Jus Darko () and Volker Meier
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Jus Darko: Center for Economic Studies, University of Munich, Schackstr. 4, 80539 Munich, Germany

Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 2015, vol. 235, issue 3, 286-297

Abstract: It is frequently observed that the implementation of green policies is delayed compared to the initial announcement. Considering a setting with a representative monopolist extracting a nonrenewable resource, we demonstrate that announcing a green policy, but then delaying its implementation, is associated with a larger cumulative extraction at any point in time than announcing a late implementation of this policy at the outset.

Keywords: Climate policy; carbon taxation; Kyoto protocol; optimal control (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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Working Paper: Announcing is Bad, Delaying is Worse: Another Pitfall in Well-Intended Climate Policy (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:jns:jbstat:v:235:y:2015:i:3:p:286-297

DOI: 10.1515/jbnst-2015-0304

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