Clean technology adoption and its influence on tradable emission permit prices in a Stackelberg and Bertrand model.
Δεληπάλλα, Δήμητρα
Σαρτζετάκης, Ευτύχιος
Διατμηματικό Πρόγραμμα Μεταπτυχιακών Σπουδών στην Οικονομική Επιστήμη
Unlike previous literature on environmental innovation, where the price of permits decreases after the adoption of a less polluting technology, Sanin and Zanaj (2011) has identified when it is the case that the price of permits increases, assuming Cournot competition in the output market. I extend their model and examine the changes in the parameters when the firms play a Stackelberg game and Bertrand game in the output market.
