Golombek, Rolf; Hoel, Michael - Økonomisk institutt, Universitetet i Oslo - 2006
spillovers. In an emissions agreement, emissions should be restricted to the extent that the carbon price exceeds the Pigovian … level. For sufficiently low technology spillovers, an emissions agreement is more efficient than a technology agreement … specifying an R&D subsidy to be imposed on all firms in all countries. The opposite may hold if technology spillovers are …