Consumer Preferences and Green Transition
Florian Perusset
No information about this author
Published: Jan. 1, 2025
This
paper
investigates
the
effects
of
consumer
preferences
on
green
transition.
I
develop
a
real
options
model
where
firm,
initially
endowed
with
brown
technology,
faces
stochastic
consumers'
for
goods.
Preferences
goods
are
observable
and
governed
by
diffusion
process
whose
drift
is
unknown
to
firm.
Surprisingly,
incomplete
information
does
not
necessarily
delay
transition
relative
complete
benchmark.
also
use
my
investigate
effectiveness
different
regulatory
tools
My
findings
reveal
that
regulations
promoting
investment
such
as
subsidies
or
tax
credits
seem
more
promising
they
translate
into
high
level
carbon
tax.
Furthermore,
generate
set
novel
predictions
regarding
role
consumers
in
tools.
Language: Английский
Sustainable Investing and Market Governance
SSRN Electronic Journal,
Journal Year:
2024,
Volume and Issue:
unknown
Published: Jan. 1, 2024
Language: Английский
Timing Matters: Dynamic Green Transition and Green Disclosure
SSRN Electronic Journal,
Journal Year:
2023,
Volume and Issue:
unknown
Published: Jan. 1, 2023
This
paper
studies
the
optimal
design
of
green
disclosure
requirements
to
support
firms'
transition
greener
technologies.
In
a
dynamic
model
with
socially
responsible
investors,
we
as
multi-step
process.
Our
analysis
establishes
an
important
link
between
and
underlying
characteristics
technologies
driving
transition.
We
show
that
government-mandated
"greenwashing"
which
entails
deliberately
obscuring
actual
greenness,
can
create
mis-valuation
subsidies
help
overcome
early
bottlenecks.
Dynamic
become
more
stringent
over
time
further
incentivize
Stricter
in
future
enhance
effectiveness
lax
periods
vice
versa.
results
be
applied
recent
initiatives
establish
mandatory
requirements.
Language: Английский
Intermediary Capital and Financing Sustainable Investment
Tak-Yuen Wong,
No information about this author
Jin Yu
No information about this author
SSRN Electronic Journal,
Journal Year:
2023,
Volume and Issue:
unknown
Published: Jan. 1, 2023
We
develop
an
equilibrium
financing
model
that
addresses
agency
frictions
in
sustainable
investment,
featuring
socially
responsible
investors
as
intermediaries.
Actively
engaging
with
firms,
these
provide
a
funding
advantage
to
green
enterprises.
Our
findings
reveal
sustainability-linked
debt
emerges
optimal
security
design,
incentivizing
both
entrepreneurs
and
social
investors.
The
return
on
capital,
determined
by
incentive
costs
financial
constraints
associated
investments,
rises
investor
preferences
through
competition.
Consequently,
when
prioritize
societal
well-being,
heightened
competition
may
lead
the
crowding
out
of
investments.
discuss
real-world
implications
our
emphasize
need
for
welfare-improving
regulatory
measures
alleviate
market
Language: Английский