Do Voluntary Pollution Reduction Programs (VPRs) Spur Innovation in Environmental Technology
| dc.creator | Carrion-Flores, Carmen E. | |
| dc.creator | Innes, Robert | |
| dc.creator | Sam, Abdoul G. | |
| dc.date | 2017-04-01T20:12:09Z | |
| dc.date.accessioned | 2026-07-09T03:34:16Z | |
| dc.description | In the context of the EPA's 33/50 program, we study whether a VPR can prompt firms to develop new environmental technologies that yield future emission reduction benefits. Because pollutant reductions generally require costly reformulations of products and/or production processes, environmental over-compliance induced by a VPR may potentially spur environmental innovation that can reduce these costs. Conversely, a VPR may induce a participating firm to divert resources from environmental research to environmental monitoring and compliance activities that yield short-term benefits in reduced emissions. We find evidence that higher rates of 33/50 program participation are associated with significant reductions in the number of successful environmental patent applications four to six years after the program ended; these results suggest a negative relationship between the 33/50 program and longer-run environmental innovation. | |
| dc.identifier | doi:10.22004/ag.econ.21124 | |
| dc.identifier | https://ageconsearch.umn.edu/record/21124/files/sp06ca01.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/21124 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/535422 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/21124 | |
| dc.title | Do Voluntary Pollution Reduction Programs (VPRs) Spur Innovation in Environmental Technology | |
| dc.type | Text |