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Computable general equilibrium (CGE) modeling is an attempt to use general equilibrium theory as a tool for analysis of … widespread use of CGE modeling probably is that a CGE model is an ideal bridge between economic theory and applied policy … research. The “bridge” perspective, however, suggests that CGE modeling is a way of using rather than testing economic theory …
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The growing attention to global warming due to greenhouse gas (GHG) emissions in the process of fossil fuel--based energy production is expressed in the Kyoto Protocol, which prescribes, on average, a 7 percent reduction in GHG emissions for developed countries. Although Israel was not included...
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Climate policy has been mainly studied with economic models that assume representative, rational agents. However, it aims at changing behavior associated with carbon-intensive goods that are often subject to bounded rationality and social preferences, such as status and imitation. Here we use a...
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The question of whether biofuels help mitigate climate change has attracted much debate in the literature. Using a global computable general equilibrium model that explicitly represents land-use change impacts due to the expansion of biofuels, this study attempts to shed some light on this...
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