AMIGUES, Jean-Pierre; MOREAUX, Michel; SCHUBERT, Katheline - In: Annales d'Economie et de Statistique (2011) 103-104, pp. 107-142
We consider a model with two energy sources, a non-renewable one, cheap but polluting, and a renewable one, expensive but clean, let’s say coal and solar. The aim of environmental policy is to maintain atmospheric carbon concentration under a given ceiling, chosen to prevent an excessive rise...