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dc.contributor.authorGrimaud , Andréen_US
dc.contributor.authorLafforgue , Gillesen_US
dc.contributor.authorMagné , Bertranden_US
dc.date.accessioned2010-01-26en_US
dc.date.accessioned2010-05-14T08:21:50Z-
dc.date.available2010-05-14T08:21:50Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/30535-
dc.description.abstractThe 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 a carbon tax and a subsidy to each R&D sector. Moreover, we show that it is possible to compute any equilibrium as the solution of a maximization program. Second, we solve the first-best optimum problem and we implement it by computing the vector of optimal tools. Finally, we illustrate the theoretical model using some calibrated functional specifications. In particular, we investigate the effects of various combinations of public policies (including the optimal ones) by determining the deviation of each corresponding equilibrium from the laisser-faire benchmark.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 2875en_US
dc.subject.jelH23en_US
dc.subject.jelO32en_US
dc.subject.jelQ43en_US
dc.subject.jelQ54en_US
dc.subject.jelQ55en_US
dc.subject.ddc330en_US
dc.subject.keywordclimate changeen_US
dc.subject.keywordenergyen_US
dc.subject.keywordCCSen_US
dc.subject.keyworddirected technical changeen_US
dc.subject.keywordcarbon taxen_US
dc.subject.keywordR&D subsidiesen_US
dc.titleClimate change mitigation options and directed technical change: a decentralized equilibrium analysisen_US
dc.typeWorking Paperen_US
dc.identifier.ppn617113912en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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