International capital markets, oil producers and the green paradox
A rapidly rising carbon tax leads to faster extraction of fossil fuels and accelerates global warming. We analyze how general equilibrium effects operating through the international capital market affect this Green Paradox. In a two-region, two-period world with identical homothetic preferences and...
| Main Authors: | , , |
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| Format: | Working paper |
| Published: |
University of Oxford
2014
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