Breakthrough renewables and the green paradox
We show how a fossil fuelmonopoly responds to a carbon-free substitute becoming available at some uncertain point in the future if demand is isoelastic and variable extraction costs are zero but upfront exploration investment costs have to be made. Before the breakthrough, oil reserves are depleted...
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| Formato: | Journal article |
| Idioma: | English |
| Publicado em: |
Mohr Siebeck
2018
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