Seminars & webinars
5 September 2011

Incentives for Environmental R&D


Where: Venice
Location:

Fondazione Eni Enrico Mattei
Isola di San Giorgio Maggiore
30124 Venice

***
Video-conference
at FEEM Milan

How to reach: Google map
Event's Timetable:


h. 10.00 Seminar

Information:

Seminars Office, seminars@feem.it

Speakers:

Michael Hoel, University of Oslo

Abstract

Since governments influence the demand for a new abatement technology through their environmental policy, they may be able to expropriate innovations in new abatement technology ex post. Recent contributions in the environmental R&D literature seem to confirm this conjecture, and suggest that incentives for environmental R&D may be systematically lower than the incentives for market goods R&D. In this paper we compare the incentives for environmental R&D with the incentives for market goods R&D in a more general model of private R&D. We find that the relationship might be the opposite: When the innovator is able to commit to a licence fee before environmental policy is resolved, incentives are always higher for environmental R&D than for market goods R&D. When the government sets its policy before or simultaneously with the innovator's choice of licence fee, incentives for environmental R&D may be higher or lower than for market goods R&D.

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Incentives for Environmental R&D (paper)
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Incentives for Environmental R&D (presentation)

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