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Non-strategic firms with rational expectations make investment and emissions decisions. The investment rule depends on … taxes create a secondary distortion at the investment stage, unless a particular condition holds; emissions quotas do not …
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mixed and pure strategies at the participation stage, and including a prior cost-reducing investment stage. The use of mixed … mixed strategies, equilibriumparticipation and welfare is higher in equilibria that involve higher investment. …
Persistent link: https://www.econbiz.de/10010676612
Non-strategic firms with rational expectations make investment and emissions decisions. The investment rule depends on … taxes create a secondary distortion at the investment stage, unless a particular condition holds; emissions quotas do not …
Persistent link: https://www.econbiz.de/10010537421
Non-strategic firms with rational expectations make investment and emissions decisions. The investment rule depends on … taxes create a secondary distortion at the investment stage, unless a particular condition holds; emissions quotas do not …
Persistent link: https://www.econbiz.de/10008583457
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The ideal water contract for a heterogeneous population of users is a prioritized right that is fully vested and fully tradable. A set of tradable, prioritized rights contracts will span the same space as the Debreu contingent commodities. Therefore, they lead to a competitive equilibrium that...
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