Renewable Energy And Greenhouse Gas Mitigation
The paper develops an exhaustible resource model with cumulative pollution and a backstop technology that exhibits increasing marginal costs of production. The model explores conditions under which it is optimal to have a protracted transition period where both an exhaustible and renewable resource are used simultaneously.
|Date of creation:||2000|
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- Olli Tahvonen, 1997. "Fossil Fuels, Stock Externalities, and Backstop Technology," Canadian Journal of Economics, Canadian Economics Association, vol. 30(4), pages 855-874, November.
- Chakravorty, Ujjayant & Krulce, Darrell L, 1994. "Heterogeneous Demand and Order of Resource Extraction," Econometrica, Econometric Society, vol. 62(6), pages 1445-1452, November.
- Farzin, Y. H., 1996. "Optimal pricing of environmental and natural resource use with stock externalities," Journal of Public Economics, Elsevier, vol. 62(1-2), pages 31-57, October.
- Partha Dasgupta & Geoffrey Heal, 1974. "The Optimal Depletion of Exhaustible Resources," Review of Economic Studies, Oxford University Press, vol. 41(5), pages 3-28. Full references (including those not matched with items on IDEAS)
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