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, however, is the speed at which the economy approaches the clean state - the energy transition, which determines the level of …
Persistent link: https://www.econbiz.de/10011094056
reinvestments in new assets with higher on-grid and off-grid functionality in order to promote energy efficiency and low …-carbon conversion of the energy sector. To meet societal policy objectives in terms of carbon dioxide emissions, both the composition of … the generators in favor of distributed energy resources (DER) and the load, promoting integration with downstream energy …
Persistent link: https://www.econbiz.de/10010927726
Persistent link: https://www.econbiz.de/10005478969
The impact of environmental innovation on the marginal pollution abatement cost at the firm level is investigated. We show that the common assumption that innovation reduces the marginal abatement cost is wrong. We draw some implications about the incentives to innovate under environmental...
Persistent link: https://www.econbiz.de/10005042965
We propose a general model of monopolistic competition, which encompasses existing models while being flexible enough to take into account new demand and competition features. The basic tool we use to study the market outcome is the elasticity of substitution at a symmetric consumption pattern,...
Persistent link: https://www.econbiz.de/10011246296
Recent extensions of the standard Dixit-Stiglitz (1977) model, that go beyond the CES sub-utility assumption, while maintaining monopolistic competition, have mainly emphasized the role of iintrasectoral substitutability. We argue that introducing oligopolistic competition can be an alternative...
Persistent link: https://www.econbiz.de/10011246324
Markets are incomplete when the assets available to the agents do not span the space of future contingencies. Efficiency is then assessed by the weak criterion of "constrained efficiency" (efficiency relative to the set of allocations compatible with the asset structure). That criterion requires...
Persistent link: https://www.econbiz.de/10010662664
In this paper we study the optimal growth path and its decentralization in a two-sector overlapping- generations model with pollution. One sector (power generation) is polluting and the other (final good) is not. Pollution is regulated by tradable emission permits. The issue is whether the...
Persistent link: https://www.econbiz.de/10008836165
The present note highlights the seminal contributions of Diamond, Drèze and Radner towards the integration of financial markets into general equilibrium modeling.
Persistent link: https://www.econbiz.de/10010927713
In this paper the existence of unemployment is partly explained as being the result of coordination failures. This is achieved by considering a standard general equilibrium model and splitting the set of commodities in two groups. The first group contains commodities like gold. The prices of...
Persistent link: https://www.econbiz.de/10005008548