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Formulate the Business as Usual problem when there is just one more period of emissions left. What is the BAU net utility level W 1(g)?

Formulate the "Business as Usual" problem when there is just one more period of emissions left. What is the BAU net utility level W 1(g)? Is it higher or lower than V 1(g)? 21.19 Formulate the BAU problem when there are two periods left. What is the BAU equilibrium consumption rule? What is the BAU equilibrium net utility level V 2(g)? 1

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