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 following. With sufficiently abundant non renewable energy endowments, the …