Ben Jebli, Mehdi; Ben Youssef, Slim - In: Economics - The Open-Access, Open-Assessment E-Journal 8 (2014), pp. 1-31
The authors consider a symmetric model composed of two countries and a firm in each country. Firms produce the same good by means of a polluting technology which uses fossil energy. However, these firms can adopt clean technology which uses renewable energy, having lower costs. Interestingly,...