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The Climate Policy Hold-Up: Green Technologies, Intellectual Property Rights, and the Abatement Incentives of International Agreements

Event Type
Department of Agricultural and Consumer Economics, co-sponsored by the European Union Center
Room 426, Mumford Hall, 1301 W Gregory Dr., Urbana, IL (map)
Nov 1, 2013   12:00 - 12:50 pm  
Dr. Timo Goeschl, Professor of Environmental Economics in the Department of Economics (Alfred Weber-Institute) and Director of the Research Center for Environmental Economics at Heidelberg University.
Originating Calendar
European Union Center Events

The ACE Departmental Seminar Series welcomes Timo Goeschl from the University of Heidelberg.  Dr. Goeschl's seminar will be held Friday, November 1, 2013 from 12:00-12:50 p.m. in 426 Mumford Hall.

Space is limited. Please click HERE to reserve your spot.

The success of global climate policies over the coming decades depends on the diffusion of 'green' technologies. This requires that international environmental agreements (IEAs) and trade-related intellectual property rights (TRIPS) interact productively. We examine this interaction in a simple and tractable model, highlighting the presence of the strategic reduction in abatement commitments on account of a hold-up effect. In anticipation of rent extraction by the innovator, IEAs have fewer signatories, global welfare from diffusion remains positive, but can be associated with less global abatement. Countries hosting patent holders extract rents from TRIPS, but may be better off by not enforcing their patents.

Timo Goeschl is Professor of Environmental Economics in the Department of Economics (Alfred Weber-Institute) at Heidelberg University and Deputy Director of the Heidelberg Center for the Environment. He is an Associate Editor of Environmental and Resource Economics and a Research Associate at the Centre for European Economic Research (ZEW) in Mannheim. He serves on the scientific board of RWI-Essen, one of Germany’s main economic research institutes, the Senate Commission on Biodiversity Research of the German Research Foundation DFG, the Executive Board of the DFG’s Priority Program on Geoengineering, and in a number of other functions. He was elected to the Board of the European Association of Environmental and Resource Economists in 2011. Before taking up his appointment at Heidelberg, he was on the faculty of the University of Wisconsin-Madison and the University of Cambridge. His research has been published in the Journal of Environmental Economics and Management, the Journal of the European Economic Association, Environmental and Resource Economics and other outlets in environmental and regulatory economics.

Everyone is encouraged to attend.  Pizza will be served.

Abstract and title to be announced.

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