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Recent efforts to endogenize technological change in climate policy models demonstrate the importance of accounting for the opportunity cost of climate R&D investments. Because the social returns to R&D investments are typically higher than the social returns to other types of investment, any...
Persistent link: https://www.econbiz.de/10013039283
Recent efforts to endogenize technological change in climate policy models demonstrate the importance of accounting for the opportunity cost of climate R&D investments. Because the social returns to R&D investments are typically higher than the social returns to other types of investment, any...
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-averse economic agents. I present a conceptual ecological-economic model that combines (i) current results from ecology about the …-averse economic agents. I present a conceptual ecological-economic model that combines (i) current results from ecology about the …
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