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• W1654366222 abstract "Since governments can 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. This suggests that incentives for environmental R&D may be lower than the incentives for market goods R&D. This in turn may be used as an argument for environmental R&D getting more public support than other R&D. In this paper we systematically compare the incentives for environmental R&D with the incentives for market goods 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." @default.
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• W1654366222 date "2011-01-01" @default.
• W1654366222 modified "2023-09-26" @default.
• W1654366222 title "Incentives for Environmental R&D" @default.
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• W1654366222 doi "https://doi.org/10.2139/ssrn.1855902" @default.
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