Nabin, Munirul H.; Sgro, Pasquale M. - 2010
technology is relatively costly to adopt. The consumer is willing to pay more for a product produced with clean technology and … value of m (proportion of firms adopting the clean technology), m*, such that if m < m* then no country adopts the clean … technology, all countries adopt the clean technology only if m > m* while some countries will adopt the clean technology and some …