BRECHET, Thierry; TSACHEV, Tsvetomir; VELIOV, Vladimir M. - Center for Operations Research and Econometrics (CORE), … - 2009
factor for policy design, especially in the presence of emission restrictions. In a vintage capital model, reducing pollution … requires to change the capital structure through investment in cleaner machines and to scrap the more polluting ones. In such a … policy design, especially in the presence of emission
restrictions. In a vintage capital model, reducing pollution requires …