Resource Misallocation Theorem: Applications to Sustainable Energy Transition

This book introduces the theory of resource misallocation and its applications in the context of energy transition. Technological advancement is often regarded as the primary driver of energy transition and, ultimately, the achievement of net-zero emissions. However, technological progress is inherently long-term and highly uncertain. Additionally, there is an ongoing debate regarding the trade-offs between reducing carbon emissions and fostering economic growth. Resource reallocation prese...