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In this chapter, we take a significant step forward by expanding the previous two-period models to allowing for an infinite number of periods. We begin with the two-period model because it offers valuable insight into the intertemporal behavior of firms, laying the groundwork for the current exploration.

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Infinite-Period Models in Climate Economics

  • 章节

  • 发表日期：

    2025年

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  • Ying Tung Chan,
  • Dayong Zhang

摘要

In this chapter, we take a significant step forward by expanding the previous two-period models to allowing for an infinite number of periods. We begin with the two-period model because it offers valuable insight into the intertemporal behavior of firms, laying the groundwork for the current exploration.