Article ID Journal Published Year Pages File Type
4938758 International Review of Economics Education 2017 12 Pages PDF
Abstract
One result from this literature is that markets characterized by imperfect competition may not adopt less-polluting production processes - green technology - even when the green technology confers net benefits on society. I present a simple argument to illustrate how a basic monopoly will continue to use a dirty production technology in the presence of a known superior green technology, even when subject to a perfectly internalizing pollution tax, without appealing to further technological or informational market failures.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
,