Bayramoglu, Basak; Jacques, Jean-François - Université Paris-Dauphine (Paris IX) - 2009
In this paper, we analyze whether the development of a growing economy could be impeded if a binding climate agreement … for development in the presence of binding emission standards. To this end, we enhance the Big Push static general … equilibria : a “bad” equilibrium and a “good” equilibrium. The “bad” equilibrium is a situation in which the development is …