Journal article
Breakthrough renewables and the green paradox
- Abstract:
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We show how a fossil fuelmonopoly 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. Before the breakthrough, oil reserves are depleted too rapidly; afterwards, the oil depletion rate drops and the oil price jumps up by discrete amounts. Subsidizing green R&D; to speed up the breakthrough speeds up oil extraction before the bre...
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- Publication status:
- Published
- Peer review status:
- Peer reviewed
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Access Document
- Files:
-
-
(Preview, Accepted manuscript, pdf, 813.5KB, Terms of use)
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- Publisher copy:
- 10.1628/001522118x15101422148687
Authors
Bibliographic Details
- Publisher:
- Mohr Siebeck
- Journal:
- FinanzArchiv More from this journal
- Volume:
- 74
- Issue:
- 1
- Pages:
- 52-70
- Publication date:
- 2018-03-01
- Acceptance date:
- 2017-10-04
- DOI:
- ISSN:
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1614-0974 and 0015-2218
Item Description
- Language:
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English
- Keywords:
- Pubs id:
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pubs:844094
- UUID:
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uuid:1308ee53-b28b-4145-8f40-e21a3d4e8509
- Local pid:
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pubs:844094
- Source identifiers:
-
844094
- Deposit date:
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2019-05-16
Terms of use
- Copyright holder:
- Mohr Siebeck
- Copyright date:
- 2018
- Notes:
- © 2018 Mohr Siebeck. This is the accepted manuscript version of the articlce. The final version is available from Mohrsieback at: https://doi.org/10.1628/001522118x15101422148687
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