CHAKRAVORTY, Ujjayant; MAGNE, Bertrand; MOREAUX, Michel - In: Annales d'Economie et de Statistique (2006) 81, pp. 141-168
Fossil fuel use causes the atmospheric accumulation of carbon. The society, endowed with an alternative clean renewable energy, aims at keeping this pollution stock below a prescribed target. The use of an abundant and costly backstop shall follow the exhaustion of the polluting resource; in case...