Kollenbach, Gilbert - In: Journal of Economic Dynamics and Control 54 (2015) C, pp. 1-16
The consequences of the 2°C climate target and the implicitly imposed ceiling on CO2 have been analyzed in several studies. We use an endogenous growth model with a ceiling and an abatement option to study the effect of the ceiling on the allocation of limited funds for R&D, abatement and...