Evaluating CO2 reduction policy portfolios in the automotive sector
Alexander van der Vooren () and
Eric Brouillat ()
No 13-01, Innovation Studies Utrecht (ISU) working paper series from Utrecht University, Department of Innovation Studies
This paper presents an agent-based model that simulates the market for passenger cars in which firm strategies, market structure, consumer choices and policy instruments co-evolve. The main contribution of the paper is to show that this type of simulation model can be used to explore interactions and additional effects when different policy measures are combined to reduce CO2 emissions. We show the impact of policy portfolios on economic and technological decisions of firms, on consumer choice and on global CO2 emissions. In particular, we show how the dynamics of the system can lead to a technological lock-in into internal combustion technologies and demonstrate the ways in which policy instruments can help to break this lock-in. We show that policy portfolios can be relevant to achieve the best of different stand-alone policy measures, but not necessarily. Ex ante evaluation is therefore recommended.
Keywords: agent-based simulation; CO2 emissions; low emission vehicle technologies; policy portfolio; technological change; transition (search for similar items in EconPapers)
Date: 2013-02, Revised 2013-02
New Economics Papers: this item is included in nep-cmp, nep-ene, nep-env and nep-tre
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Persistent link: https://EconPapers.repec.org/RePEc:uis:wpaper:1301
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