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Discussion paper 19.pdf

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/103654 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/103654 http://eprints.org/relation/issmallThumbnailVersionOf https://pure.iiasa.ac.at/id/document/103654 archive 353 disk0/00/01/92/08 2023-11-27 08:16:22 2023-11-27 08:16:22 2023-11-27 08:16:22 other show 1 Palokangas T. 8295 pub ASA SYRR emissions, pollution, R&D, endogenous growth, environmental disaster, precautionary policy The extraction of carbon energy contributes to the global stock of pollution, increasing the risk of welfare-damaging environmental disaster. The governments of the countries educate workers as scientists. Oligopolists produce goods by workers and carbon energy. R&D Firms improve effciency by scientists to supplant incumbent oligopolists through competition, which generates economic growth. In this setup, an international central planner can decentralize the social optimum by setting a precautionary tax on emissions before the occurrence of the disaster. That tax hampers pollution, but speeds up economic growth. The socially optimal level of the tax is derived. 2023-11 published Helsinki GSE Discussion Papers https://www.helsinkigse.fi/discussion-papers/discussion-paper-19 224 public Helsinki, Finland no info:eu-repo/semantics/other