Golombek, Rolf; Hoel, Michael - CESifo - 2009
, international cooperation on emission reductions. R&D should be increased beyond the non-cooperative level if (i) the technology …-best technology agreement has higher R&D, higher emissions, or both compared with the first-best-outcome. The second-best subsidy … second-best technology agreement and in the case without R&D cooperation, welfare is highest, R&D is highest and emissions …