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Lagged regulation of energy industries

Abstract:

In a variety of contexts regulatory agencies are legally obliged to use a cost-benefit rule (or some variant there of) to revise environmental standards to reflect improvements m pollution-control techniques, but have considerable discretion over the timing of such revision. How should the agency use this discretion? In a simple model of standard-setting under endogenous technical change we show that an agency can use implementation lags strategically to effect the supply of new ‘clean’ techn...

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Publication status:
Published
Peer review status:
Reviewed (other)

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Institution:
University of Oxford
Research group:
Oxford Institute for Energy Studies
Oxford college:
Nuffield College
Role:
Author
Publisher:
Oxford Institute for Energy Studies Publisher's website
Series:
OIES paper
Publication date:
1995-01-01
Paper number:
EV21
ISBN:
0948061898
Language:
English
Keywords:
UUID:
uuid:1c236d67-ab0f-4b4a-8857-644f6d1ef5e6
Local pid:
ora:10321
Deposit date:
2015-03-02

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