Optimal abatement technology adoption based upon learning-by-doing with spillover effect
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文摘
We model optimal timing of technology adoption based upon learning-by-doing effect. Spillovers effect is considered to investigate how experience can be shared among technologies. An endogenous emission path is considered to necessitate a meaningful optimization problem. Intrinsic mechanism in the multi-technology model results in the interplay among some key factors. Policy should be differentiated to induce greater abatement from the technologies with spillover opportunities.

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