Autori
Percebois, JacquesVignolo, ThierryD'ARTIGUES, AgnèsTitolo
The Time-Inconsistency of Alternative Energy PolicyPeriodico
European University Institute of Badia Fiesolana (Fi). Department of Economics - Working papersAnno:
2007 - Fascicolo:
32 - Pagina iniziale:
1 - Pagina finale:
11Time-inconsistency can arise when a government attempts to convince private sector to use a particular alternative energy (gas, green electricity...) rather than petroleum products. By introducing taxes and feed-in prices, a government would encourage firms and households to switch to an alternative energy rather than use petroleum products. However, even if a government is in favor of increasing alternative energy consumption, it can benefit from considerable financial resources resulting from petroleum product consumption. As a result of these conflicting issues, the private sector may not find the alternative energy policy credible, which prevents the government to implement a socially efficient policy.
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