The author analyzes the optimal investment in environmental protection in a model of an infinite series of non-overlapping hyperbolically discounting agents. He shows that without a commitment mechanism society is eventually stuck in a situation where all agents prefer further investment in the...

The paper examines the determinants that influence the environmental innovation behaviour of companies in Germany in a multivariate context by using data from the Mannheimer Innovations Panel 1993, which was part of the Community Innovation Survey. The objective is to analyse the general...