Greaker, Mads; Heggedal, Tom-Reiel - Statistisk Sentralbyrå, Government of Norway - 2012
The major claim in Acemoglu, Aghion, Bursztyn & Hemous (2012) (AABH) is that subsidies for research and development of clean technologies are more important than carbon taxes when dealing with climate change. However, they – unconventionally – assume that a patent only lasts for one period....