Azomahou, Théophile; Boucekkine, Raouf; Nguyen-Van, Phu - United Nations University, Maastricht Economic and … - 2008
explicit energy market to study the impact of investment subsidies on investment and output. Energy and capital are assumed to … shown that the impact of investment subsidies heavily depends on the structure of the energy market, the mechanism … scrapping conditions inherent to vintage models. In particular, under a free entry structure for the energy sector, investment …