firms' investment incentives, however. It is the purpose of the present article to study the impact of a cap and trade … mechanism on firms' investment and production decisions and to analyze the optimal design of emission trading systems in such an …

investment incentives in different technologies and to analyze the optimal design of emission trading systems in such an … Econ Policy 13(1):23-42, 2019). The impact of updating on firms’ investment and retiring decisions and the resulting … technology mix has received much less attention up to now, however. It is the purpose of the present article to shed light on …