Environmental policy on the back of an envelope: A Cobb-Douglas model is not just a teaching tool
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DOI: 10.1016/j.eneco.2019.07.007
Abstract: Abstract To clarify and interpret the workings of a large computable general equilibrium (CGE) model of environmental policy, we build an aggregated Cobb-Douglas (CD) model that can be solved easily and analytically. Its closed-form expressions… read more here.
Keywords: environmental policy; cobb douglas; model; policy ... See more keywords