“...A well-known theorem by Herfindahl states that the low-cost nonrenewable resource must be exploited first. Consider resources that are differentiated only by...”

“...Using a standard Hotelling model of resource exploitation, we determine the optimal energy consumption paths from three options: dirty coal, which is...”

“...About 40 percent of US corn is now used to produce biofuels, which are used as substitutes for gasoline in transportation. In this paper, we use a Ricardian...”

“...We study an economy producing energy services from a polluting fossil fuel and a carbon free renewable resource under a constraint on the admissible...”

“...We model capacity-building investments in a homogeneous product duopoly facing uncertain demand growth. Capacity building is achieved through the addition of...”

“...We study the transition between non-renewable and renewable energy sources with adjustment costs over the production capacity of renewable energy. Assuming...”

“...Environmental agreements such as the Kyoto Protocol aim to stabilize the amount of carbon in the atmosphere, which is mainly caused by the burning of...”

“...Carbon capture and storage (CCS) is one of the most promising abatement options to curb CO2 emissions of the energy sector. Usually, in models where the...”

“...The long‐term goal of the Intergovernmental Panel on Climate Change (IPCC) is the stabilization of carbon concentration in the atmosphere. In this paper, we...”