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role to certain bubbles may have far-reaching policy implications …
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and bubbles alike disappear under proportional transaction costs, or under small model misspecifications. Thus, local … martingale models of arbitrage and bubbles are not robust to small trading and monitoring frictions …
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This paper explores the opportunities for integrating Initiative Based Learning (IBL) and Integrated Assessment Models (IAMs) in order to improve our understanding of learning in the context of societal transition pathways, and more specifically by focusing on solar PV as an energy transition...
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