Endogenizing Technological Change : Matching Empirical Evidence to Modeling Needs

@inproceedings{Pizer2007EndogenizingTC,
  title={Endogenizing Technological Change : Matching Empirical Evidence to Modeling Needs},
  author={William A. Pizer and David Popp},
  year={2007}
}
Technologies to reduce significantly fossil-fuel emissions currently are unavailable or only available at high cost. In light of this, the amount of research on the pace, direction, and benefits of environmentally friendly technological change has grown dramatically in recent years. This research includes empirical estimates of these effects and modeling exercises designed to simulate endogenous technological change in response to climate policy. Unfortunately, few attempts have been made to… CONTINUE READING

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