by Rolf Golombek and Michael Hoel
- We examine international cooperation on technological development as a supplement to, or an alternative to, international cooperation on emission reductions. R&D should be increased beyond the non-cooperative level if (i) the technology level in one country is positively affected by R&D in other countries, (ii) the domestic carbon tax is lower than the Pigovian level, or (iii) the domestic carbon tax is set directly through an international tax agreement.
Rolf Golombek and Michael Hoel (2009). "International Cooperation on Climate-Friendly Technologies." CesIfo Workikng Paper 2677, June 2009.
