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- W2024658889 abstract "Abstract In areas such as climate change, the recent economic literature has been emphasizing and addressing the pervasive presence of uncertainty. This paper considers a new and salient form of uncertainty, namely uncertainty regarding the environmental characteristics of ‘green’ innovations. Here, RD (ii) a decreasing probability of finding a backstop leads to the toleration of higher pollution levels, slower RD (iii) learning about the probability of a backstop is driven by failures only and leads to decreasing research incentives; and (iv) small to moderate delays in the resolution of technological uncertainty do not affect the optimal policy." @default.
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- W2024658889 date "2009-09-01" @default.
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- W2024658889 title "On backstops and boomerangs: Environmental R&D under technological uncertainty" @default.
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- W2024658889 doi "https://doi.org/10.1016/j.eneco.2009.02.006" @default.
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