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A still controversial discussion is whether quantity-driven (like Tradable Green Certificates (TGCs) based on quotas) or price-driven (like feed-in-tariffs (FIT)) instruments lead to preferable solutions for society.
Based on evidence from 12 comparative multiple case-studies, the paper provides an analytical insight from real practice on how and why different types of instruments lead to either successful or unsuccessful projects.
The simulations indicate that information instruments lead to a comparatively small increase in the wall insulation rate, while obligating new homeowners to insulate the walls within the first year after moving in has the potential to increase the total insulation rate by up to 40%.
Furthermore, price-based instruments lead to the adoption of a socially suboptimal technology, so that the inclusion of technology choice provides a bias in favor of a quantity-based regulation compared with Weitzman's (Weitzman, M.L., 1974. Prices vs. quantities. Review of Economic Studies 41; 477–491) criterion.
Considering the diameter of the instruments, there was no indication that larger diameter instruments lead to higher forces required for penetration (Table 2).
Similar(55)
The novel clangour of its colourful instruments led to their wide use throughout Europe, where they became an integral part of the thrilling military spectacle.
It left our economic and government establishment sitting by confidently, even as a lethally dangerous combination of asset bubbles, lax controls, pernicious incentives and wickedly complicated instruments led to our current plight.
A growing appetite for the wood in China, where it is used for furniture and musical instruments, led to a 25-fold increase in illegal rosewood logging in Madagascar last year.
Gottfried Schlaug, director of the music and neuroimaging lab at Beth Israel Deaconess and Harvard Medical School in Boston, said that while some people may be born with brains that are well suited to learning music, learning to play instruments leads to changes in the brain too.
Whether the implementation of these instruments leads to better outcomes is not fully established.
The joint implementation of multiple instruments leads to interactions that diminish overall policy outcomes.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com