Baton à court terme, carotte à long terme : le rôle des conditions initiales - INRAE - Institut national de recherche pour l’agriculture, l’alimentation et l’environnement
Communication Dans Un Congrès Année : 2006

Baton à court terme, carotte à long terme : le rôle des conditions initiales

Résumé

This paper explores the dynamic properties of price-based policies in a model of competition between two jurisdictions. Jurisdictions invest over time in infrastructures to increase the quality of environment, a global public good. They are identical in all respects but the initial stocks of infrastructures. This is a dynamic type of heterogeneity that disappears in the long run. Therefore, at the steady state, usual intuitions from static settings apply: identical jurisdictions inefficiently under-invest, calling for public subsidies. In the short run, however, counterintuitive properties are established: i) the evolution of the subsidy can be non-monotonic, ii) one jurisdiction can be temporarily taxed whereas the other is subsidised. It is shown how these phenomena are related to initial conditions.
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Dates et versions

hal-02817600 , version 1 (06-06-2020)

Identifiants

  • HAL Id : hal-02817600 , version 1
  • PRODINRA : 18119

Citer

Denis Claude, Mabel Tidball, Charles C. Figuieres, . International Society of Dynamic Games. Baton à court terme, carotte à long terme : le rôle des conditions initiales. 12. International symposium on dynamic games and applications, Jun 2006, Nice, France. 13 p. ⟨hal-02817600⟩
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