Seminars & webinars
18 March, 2021

Online seminar | Special Interest Climate Policy


Where: online
Location:

GoToWebinar

Event's Timetable:

March 18th, 2021 - h 4:00 PM

Information:

To participate please register here

Speaker:

Prof. Reyer Gerlagh
Tilburg School of Economics and Management

introduced by

Prof. Sergio Vergalli
Fondazione Eni Enrico Mattei, University of Brescia, IAERE

Abstract

Can firms capitalize on social objectives? The authors scrutinize a mechanism for firms' private interests in climate externalities: in a dynamic common agency model, the private interest in internalizing externalities arises endogenously from interaction between income growth, social costs, and rents in dirty and clean productions. The mechanism shows how subsidies to socially harmful actions turn to externality prices and special interests can implement energy transition faster than socially optimal.

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