countries, i.e. abatement technologies are endogenous. In line with the Kyoto agreement we assume that the international climate …

countries, i.e. abatement technologies are endogenous. In line with the Kyoto agreement we assume that the international climate …

full participation. One is a Kyoto type of agreement where each country is assigned a specific number of internationally … quota price is equal to the Pigovian level, R&D investments will be lower than what is socially optimal in the Kyoto case …