10 research outputs found

    Study flow chart.

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    The diagram illustrates the different stages of the study.</p

    Optimal Firm Behavior under Environmental Constraints

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    The paper examines the Porter and induced-innovation hypotheses in a firm model where: (i) the firm has a vintage capital technology with two complementary factors, energy and capital ; (ii) scrapping is endogenous; (iii) technological progress is energy-saving and endogenous through purposive R&D investment; (iv) the innovation rate increases with R&D investment and decreases with complexity; (v) the firm is subject to emission quotas which put an upper bound on its energy consumption at any date; (vi) energy and capital prices are exogenous. Balanced growth paths are first characterized, and a comparative static analysis is performed to study a kind of long-term Porter and induced-innovation hypotheses. In particular, it is shown that tighter emission quotas do not prevent firms to grow in the long-run, thanks to endogenous innovation, but they have an inverse effect on the growth rate of profits. Some short-term dynamics are also produced, particularly, to analyze the role of initial conditions and energy prices in optimal firm behaviour subject to environmental regulation. Among numerous results, we show that (i) firms which are historically “small” polluters find it optimal to massively pollute in the short run: during the transition, new and clean machines will co-exist with old and dirty machines in the productive sectors, implying an unambiguously dirty transition; (ii) higher energy prices induce a shorter lifetime for capital goods but they depress investment in both new capital and R&D, featuring a kind of reverse Hicksian mechanism.Vintage capital, R&D, Emission quotas, Porter hypothesis, Induced innovation hypothesis, Optimization

    sj-docx-1-cjo-10.1177_00084174221088417 - Supplemental material for Participation and Functional Independence in Adults With Recessive Spastic Ataxia of Charlevoix-Saguenay

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    Supplemental material, sj-docx-1-cjo-10.1177_00084174221088417 for Participation and Functional Independence in Adults With Recessive Spastic Ataxia of Charlevoix-Saguenay by Samar Muslemani, Isabelle Lessard, Caroline Lavoie, Isabelle Côté, Bernard Brais, Jean Mathieu, and Cynthia Gagnon in Canadian Journal of Occupational Therapy</p
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