Environmental Policy on the Back of an Envelope: A Cobb-Douglas Model is Not Just a Teaching Tool
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To clarify and interpret the workings of a large computable general equilibrium (CGE) model of environmental policy in the U.S., we build an aggregated Cobb-Douglas (CD) model that can be solved easily and analytically. Its closed-form expressions show exactly how key parameters determine the sign
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美国国家经济研究局创建时间：
2019-02-01
