Table 1 Parameters
From: Controlling CO2 emissions for each area in a region: the case of Japan
Parameter | Value | |
|---|---|---|
\(\rho\) | The time preference rate per 5 years | 0.075 |
\(\alpha\) | The elasticity of intertemporal substitution | 1.45 |
\(\gamma\) | The elasticity of output | 0.3 |
\(\theta ^2\) | Adjustable parameter | 2.6 |
\(\delta\) | The capital depreciation rate | 0.1 |