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Green R&D versus end-of-pipe emission abatement : a model of directed technical change

Rauscher, Michael - 2009

The paper looks at a model of directed technical change in an environmental-economics context. Firms can do conventional or "green" R&D or they can abate emissions at the end of pipe. The paper has two main foci. On the one hand, it investigates the impact of environmental regulation on the...