Breakthrough renewables and the green paradox

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...

書誌詳細
第一著者:	Van der Ploeg, R
フォーマット:	Working paper
出版事項:	University of Oxford 2012

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