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In this paper we use a simple climate model with endogenous environmental technical change in order to analyse the effects on equity and efficiency of different degrees of restrictions on trade in the market for pollution permits. The model is obtained by incorporating in Nordhaus and Yang...
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economic growth; hence, any better understanding of the process of technological innovation is likely to increase our knowledge …;D international spillovers. The basic questions are as follows. Do knowledge spillovers enhance energy technological innovation in … different regions of the world? Does the speed of innovation increase? Or do free-riding incentives prevail and international …
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