Boucekkine, Raouf; Krawczyk, Jacek B.; Vallée, Thomas - In: Journal of Economic Dynamics and Control 34 (2010) 9, pp. 1813-1835
Consider a country with two regions that have developed differently so that their current levels of energy efficiency differ. Each region's production involves the emission of pollutants, on which a regulator might impose restrictions. The restrictions can be related to pollution standards that...