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Climate change mitigation options and directed technical change : a decentralized equilibrium analysis

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Climate change mitigation options and directed technical change : a decentralized equilibrium analysis

Grimaud, André; Lafforgue, Gilles; Magné, Bertrand - 2009

The paper considers a climate change growth model with three R&D sectors dedicated to energy, backstop and CCS (Carbon Capture and Storage) efficiency. First, we characterize the set of decentralized equilibria: A particular equilibrium is associated to each vector of public tools which includes...