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dc.contributor.authorGrimaud , Andréen
dc.contributor.authorLafforgue , Gillesen
dc.contributor.authorMagné , Bertranden
dc.date.accessioned2010-01-26-
dc.date.accessioned2010-05-14T08:21:50Z-
dc.date.available2010-05-14T08:21:50Z-
dc.date.issued2009-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x2875en
dc.subject.jelH23en
dc.subject.jelO32en
dc.subject.jelQ43en
dc.subject.jelQ54en
dc.subject.jelQ55en
dc.subject.ddc330en
dc.subject.keywordclimate changeen
dc.subject.keywordenergyen
dc.subject.keywordCCSen
dc.subject.keyworddirected technical changeen
dc.subject.keywordcarbon taxen
dc.subject.keywordR&D subsidiesen
dc.titleClimate change mitigation options and directed technical change: a decentralized equilibrium analysis-
dc.typeWorking Paperen
dc.identifier.ppn617113912en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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