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Green Technology Adoption and the Business Cycle
2017
Social Science Research Network
We analyze the adoption of green technology in a dynamic economy affected by random shocks where demand spillovers are the main driver of technological improvements. Firms' beliefs and consumers' anticipations drive the path of the economy. We derive the optimal policy of investment subsidy and the expected time and likelihood of reaching a targeted level of environmental quality under economic uncertainty. This allows us to estimate the value that should be given to the environment in order to
doi:10.2139/ssrn.2952910
fatcat:43gzdjfxsndx7nkcuqt2mgahei