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Jus, Darko; Meier, Volker (2012): Announcing is bad, delaying is worse: Another pitfall in well-intended climate policy. CESifo Working Paper: Energy and Climate Economics, 3844
Volltext auf 'Open Access LMU' nicht verfügbar.

Abstract

It is frequently observed that the implementation of green policies is delayed compared to the initial announcement. Considering a setting with a representative monopolist extracting a non-renewable resource, we demonstrate that announcing a green policy, but then delaying its implementation, is associated with a larger cumulative extraction at any point in time than announcing a late implementation of this policy at the outset.