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Energy conservation policy, energy markets and the environment in developing countries (anglais)

Interest in energy conservation, although to some degree cyclical, has been stimulated during the last 20 years. An active debate has ensued, in which it is alleged that the existence of a variety of market failures, imperfections and distortions justifies government intervention in energy markets to promote expenditures on energy conservation. Thus, it is the purpose of this paper to evaluate the validity and relevance of that debate, in terms of...
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