• Published 2014

Indirectly Induced Innovation : Consequences for Environmental Policy Analysis ( Job Market Paper )

@inproceedings{Miller2014IndirectlyII,
  title={Indirectly Induced Innovation : Consequences for Environmental Policy Analysis ( Job Market Paper )},
  author={Steve Miller},
  year={2014}
}
Environmental regulation is increasingly judged on its ability to stimulate innovation. While prior studies focus primarily on the direct effect on innovation by regulated firms, this paper examines the importance of indirectly induced innovation by both regulated and unregulated firms. Two channels for indirect effects are considered: passthrough of regulation-imposed costs into output prices and knowledge spillovers. Both are well-documented phenomena on their own, but their consequences for… CONTINUE READING

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