Policy for the adoption of new environmental monitoring technologies to manage stock externalities

Katrin Millock (), Angels Xabadia and David Zilberman
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Katrin Millock: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement

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Abstract: With the development of modern information technologies, relying on nanotechnologies and remote sensing, a number of systems can be envisaged that allow for monitoring of the negative externalities generated by producers, consumers or travelers - road pricing schemes or individual emission meters for automobiles are two examples. We analyze a dynamic model of stock pollution when the regulator has incomplete information on emissions generated by heterogeneous agents. Our contribution is to explicitly study a decentralized policy for adoption of monitoring equipment over time. We determine second-best tax rates, the pattern of monitoring technology adoption, and identify conditions for the voluntary diffusion of monitoring technologies over time. Simulations show the welfare gains compared to alternative policies.

Keywords: nanotechnologies; stock pollution; diffusion; externalities; environmental taxation; monitoring technology adoption (search for similar items in EconPapers)
Date: 2012-07
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Published in Journal of Environmental Economics and Management, 2012, 64 (1), pp.102-116. ⟨10.1016/j.jeem.2012.02.004⟩

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Journal Article: Policy for the adoption of new environmental monitoring technologies to manage stock externalities (2012)
Working Paper: Policy for the adoption of new environmental monitoring technologies to manage stock externalities (2012)
Working Paper: Policy for the adoption of new environmental monitoring technologies to manage stock externalities (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00704272

DOI: 10.1016/j.jeem.2012.02.004

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