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The impact of commitment on nonrenewable resources management with asymmetric...
We study the optimal contracts (payment and extraction path) implemented by a regulator unable to commit to long term contracts that delegates the extraction of a... -
The Grey Paradox: How Oil Owners Can Benefit From Carbon Regulation
This paper studies how oil owners can benefit from carbon taxation. We build a Hotelling-like model with three energy resources: oil (exhaustible, polluting), coal...
