Breakthrough renewables and the green paradox

We show how a monopolistic owner of oil reserves 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. Not the arrival of this substitute m...

Cijeli opis

Bibliografski detalji
Glavni autor: Van der Ploeg, R
Format: Working paper
Izdano: University of Oxford 2012

Slični predmeti