Although the possibility of multiple nonlinear equilibria inlinear-quadratic differential games is extensively discussed, the literatureon models with multiple linear Markov perfect equilibria (LMPEs) isscarce. And indeed, almost all papers confined to a single state (a verylarge majority of the...

This paper investigates the intertemporal monopolistic supply of a clean technology and addresses the following questions: How does the lack of governments to commit restrict the incentives and thereby the supply of clean technologies? Are either emission taxes or emission permits better suited...