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English

Should environmental R&D be prioritized?

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[DOI] [PDF]

Forfattere:

Golombek, Rolf, Mads Greaker, Michael Hoel

År:

2020

Referanse:

Resource and Energy Economics

vol 60, May, 101132

Sammendrag (engelsk)

An innovator may not be able to capture the full social benefit of her innovation and, therefore, governments support private R&D through various measures. We compare a market good innovation—to develop a more efficient technology to produce a standard market good—with an environmental innovation—to develop a more efficient abatement technology—that has the same potential to increase the social surplus. In the first-best outcome, which can be achieved by offering an R&D subsidy and a diffusion subsidy, the R&D subsidy should be greatest for an environmental innovation, whereas the diffusion subsidy should be greatest for a market good innovation. The ranking of the two types of subsidies reflects that the appropriability problem is greater for an environmental innovation than for a market good innovation.

Nøkkelord:

R&D Environmental R&D Innovations Endogenous technological change Innovation prize Diffusion subsidy

Prosjekt info:

Oppdragsgiver: Norges forskningsråd
Oppdragsgivers prosjektnr.: 209698
Frisch prosjekt: 3100 - Oslo Center for Research on Environmentally friendly Energy (CREE)