Muñoz-García, Félix; Akhundjanov, Sherzod B. - In: Review of Environment, Energy and Economics - Re3 (2014) November
This paper summarizes the findings of two papers that examine the effect of environmental regulation on the production decisions and profits of polluting and green firms. Using a game-theoretic framework, we find conditions under which the green firm favors regulation (a standard finding), but...