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Jean-Pierre Amigues, Ujjayant Chakravorty, Gilles Lafforgue, Michel Moreaux, COMPARING VOLUME AND BLEND RENEWABLE ENERGY MANDATES UNDER A CARBON BUDGET, Annals of Economics and Statistics, No. 147 (September 2022), pp. 51-78
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Amigues et al. (2022) studied this question.
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