Bansal, Sangeeta; Gangopadhyay, Shubhashis - In: Environmental & Resource Economics 30 (2005) 3, pp. 345-367
This paper examines the effect of environmental regulation on a firm’s incentives to invest in developing cheaper (clean-up) technologies in a model where consumers are willing to pay for environmentally clean technologies. It focuses on two types of policies: a BAT based policy and a...