Amigues, Jean-Pierre; Ayong Le Kama, Alain; Moreaux, Michel - Institut d'Économie Industrielle (IDEI), Toulouse … - 2013
We study the transition between non renewable and renewable energy sources with adjustment costs over the production capacity of renewable energy. Assuming constant variable marginal costs for both energy sources, convex adjustment costs and a more expensive renewable energy, we show the...