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This paper examines convergence patterns in total greenhouse gas emissions across 114 countries from 1990 to 2019. Prior research has largely focused on one representative greenhouse gas, carbon dioxide emissions, but our goal is to broaden the study. We use the club convergence test to contrast...
Persistent link: https://www.econbiz.de/10014329905
In this paper we use global analysis to study the welfare properties of general equilibrium economies with incomplete markets (GEI). Our main result is to show that constrained Pareto optimal equilibria are contained in a linear submanifold of the equilibrium set. This result is explicitly...
Persistent link: https://www.econbiz.de/10010318896