Untapped fossil fuel and the green paradox: a classroom calibration of the optimal carbon tax
A classroom model of global warming, fossil fuel depletion and the optimal carbon tax is formulated and calibrated. It features iso-elastic fossil fuel demand, stock-dependent fossil fuel extraction costs, an exogenous interest rate and no decay of the atmospheric stock of carbon. The optimal carbon...
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| Format: | Working paper |
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University of Oxford
2013
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