Séminaire GREDEG - Rolf Golombek (Frisch Centre)


"Innovation Prizes for Environmental R&D"

04-05-2017 - 14h00 à 15h30 - Salle Picasso

Séminaire GREDEG - Rolf Golombek (Frisch Centre)


Title: Innovation Prizes for Environmental R&D

Abstract: An innovator may not be able to capture the social benefit of her innovation. We show that an innovation prize can ensure the efficient level of R&D. We compare a market good innovation with an abatement technology innovation with the same potential to increase social surplus. In the firrst-best outcome, where an innovation prize and a diffusion subsidy are the instruments, the prize for an abatement technology innovation should be greater than the prize for a market good innovation. This ranking may also hold in the second-best outcome, where only an innovation prize is the instrument.


Joint work with Mads Greaker (Statistics Norway) and Michael Hoel (Department of Economics, University of Oslo).

Rolf Golombek's homepage

Partager cet article :