Emission permits and the dynamics of clean and dirty firms in an evolutionary competition model

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dc.contributor.authorANTOCI, Angelo
dc.contributor.authorBORGHESI, Simone
dc.contributor.authorIANNUCCI, Gianluca
dc.contributor.authorRUSSU, Paolo
dc.date.accessioned2019-07-08T15:15:23Z
dc.date.available2019-07-08T15:15:23Z
dc.date.issued2019
dc.descriptionFirst published: 01 April 2019en
dc.description.abstractEmission Trading Systems (ETSs) are today regarded as the pillar of market‐based environmental policies in many countries. This paper studies the impact of an ETS on the dynamics of the market made up of two types of firms: clean and dirty. Using an evolutionary context, we study how the share of clean firms evolves at different parameter values, such as increasing values of the permits’ price floor, and show that an ETS can have positive effects on the diffusion of the clean technology. However, numerical simulations show that under specific parameter values the opposite result may emerge with clean firms leaving the market.en
dc.format.mimetypeapplication/pdf
dc.identifier.citationMetroeconomica, 2019, Vol. 70, No. 3, pp. 476-487en
dc.identifier.doi10.1111/meca.12252
dc.identifier.endpage487en
dc.identifier.issn0026-1386
dc.identifier.issn1467-999X
dc.identifier.issue3en
dc.identifier.startpage476en
dc.identifier.urihttps://hdl.handle.net/1814/63556
dc.identifier.volume70en
dc.language.isoenen
dc.orcid.uploadtrue*
dc.relation.ispartofMetroeconomicaen
dc.relation.ispartofseries[Florence School of Regulation]en
dc.relation.ispartofseries[Climate]en
dc.rightsinfo:eu-repo/semantics/openAccess
dc.titleEmission permits and the dynamics of clean and dirty firms in an evolutionary competition modelen
dc.typeArticleen
dspace.entity.typePublication
eui.subscribe.skiptrue
person.identifier.other27881
relation.isAuthorOfPublicationd693272e-61c3-473a-8db7-951c03714ceb
relation.isAuthorOfPublication.latestForDiscoveryd693272e-61c3-473a-8db7-951c03714ceb
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