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Stability of the market equilibrium in Romer's model of endogenous technological change: A complete characterization

✍ Scribed by Lutz G. Arnold

Book ID
114130205
Publisher
Elsevier Science
Year
2000
Tongue
English
Weight
609 KB
Volume
22
Category
Article
ISSN
0164-0704

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Two stylized backstop systems with endogenous technological learning (ETL) are introduced in the ''model for evaluating regional and global effects'' (MERGE): one for the electric and the other for the non-electric markets. Then the model is applied to analyze the impacts of ETL on carbon-mitigation