Second-Best Analysis of European Energy Policy: Is One Bird in the Hand Worth Two in the Bush?
| dc.creator | Hübler, Michael | |
| dc.creator | Schenker, Oliver | |
| dc.creator | Fischer, Carolyn | |
| dc.date | 2017-04-01T13:45:07Z | |
| dc.date.accessioned | 2026-07-09T10:08:09Z | |
| dc.description | This paper studies policy instruments that correct insufficient learning-by-doing (LbD) and research and development (R&D) of renewable electricity technologies and insufficient investments in energy efficiency (EE) in the presence of carbon pricing. The theoretical model analysis shows how to re-adjust the first-best in second-best situations, in which one of the policy instruments is restricted. Calibrated to the European power sector, the first-best choice of all instruments reduces the climate policy cost by one third. Feed-in tariffs turn out to be good substitutes for LbD, but not for R&D or EE subsidies. | |
| dc.identifier | doi:10.22004/ag.econ.230918 | |
| dc.identifier | https://ageconsearch.umn.edu/record/230918/files/NDL2015-106.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/230918 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/615802 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/230918 | |
| dc.title | Second-Best Analysis of European Energy Policy: Is One Bird in the Hand Worth Two in the Bush? | |
| dc.type | Text |