Promoting green or restricting gray? An analysis of green portfolio standards
نویسندگان
چکیده
This study theoretically examines green portfolio standards with monetary penalties in an oligopoly market. We find that attain first-best optimality if the purpose of government is to restrict non-green products (i.e., unless negative externality gray too small), whereas they are inefficient policy tools promote products.
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ژورنال
عنوان ژورنال: Economics Letters
سال: 2021
ISSN: ['1873-7374', '0165-1765']
DOI: https://doi.org/10.1016/j.econlet.2020.109650