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Would parents do anything to enable a better future for their children - or only when they are seen to do so? Here we … for future generations. We hypothesise that parents will be most likely to invest in VCA when their own offspring observes … their decision, whereas when adults or genetically unrelated children observe them, the effect will be smaller. In a large …
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This paper presents a two-sector green endogenous growth model to explore a mechanism that explains why carbon-intensive capital is not necessarily shut down during transition to a green economy. Without accumulating clean capital to offset carbon emissions, a tightening of climate regulation...
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