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This study examines the mechanisms of social cost of carbon (SCC) and marginal abatement cost (MAC) in climate change modeling. To examine this mechanisms, we observed the shifts in the marginal benefit (MB) and marginal cost (MC) curves of carbon dioxide (CO2) abatement when parameter values...
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This paper provides a model-based macroeconomic assessment of First-Mover Advantage (FMA) in environmental technologies, in which a European sector becomes world leader and captures the global market for a particular technology. The E3MG model is used to assess a set of scenarios where the FMA...
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