作者：Harstad, Bard
作者单位：University of Oslo; University of Oslo
摘要：A tractable dynamic model of international climate policies is analysed. The choice of bargaining game influences participation levels, emission quotas and technology investment levels. I derive several predictions that are arguably consistent with the differences between the 1997 Kyoto Protocol and the 2015 Paris Agreement-including the transitioning from the former to the latter.
作者：Cavenaile, Laurent; Roldan-Blanco, Pau; Schmitz, Tom
作者单位：University of Toronto; University Toronto Scarborough; Banco de Espana; University of London; Queen Mary University London
摘要：We argue that the recent increases in market concentration and markups are partly due to an 'innovation feedback effect' of globalisation. Lower trade costs increase innovation incentives for global firms. As the winners of the ensuing innovation race increase their technological advantage, concentration and markups rise. We develop an endogenous growth model capturing this effect and calibrate it to US manufacturing data. We find that the increase in trade between 1989 and 2007 raised the agg...
