more difficult for another firm (entrant) to introduce a standard by investing in technology improvement. Our analysis … shows that that incumbent’s strategy depends on whether the technology is in its infancy or has matured, and that entrants …. When the technology is in its infancy, the incumbent deters entry, but when the technology is mature, entry and the …

firms' investment incentives, however. It is the purpose of the present article to study the impact of a cap and trade … mechanism on firms' investment and production decisions and to analyze the optimal design of emission trading systems in such an …

investment incentives in different technologies and to analyze the optimal design of emission trading systems in such an … Econ Policy 13(1):23-42, 2019). The impact of updating on firms’ investment and retiring decisions and the resulting … technology mix has received much less attention up to now, however. It is the purpose of the present article to shed light on …