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- Voß, Achim
- Environmental and resource economics 2015 v.60 no.4 pp. 521-548
- energy; energy costs; social benefit
- ... Public energy-productivity investment influences the amount of future energy consumption. If a present government expects its successor to value the social costs of fuel usage differently, this adds a strategic component to its investment considerations. We analyze this governmental time-inconsistency situation as a sequential game. In particular, we show how the expectation of a more conservative ...