Chakravorty, Ujjayant; Leach, Andrew; Moreaux, Michel - In: Journal of Environmental Economics and Management 61 (2011) 3, pp. 281-296
In this paper, we show that the potential for endogenous technological change in alternative energy sources may alter the behaviour of resource-owning firms. When technological progress in an alternative energy source can occur through learning-by-doing, resource owners face competing incentives...
