Antoci, Angelo; Borghesi, Simone; Sodini, Mauro - Fondazione ENI Enrico Mattei (FEEM) - 2012
The present paper investigates the functioning of an Emission Trading System (ETS) and its impact on the diffusion of environmental-friendly technological innovation in the presence of firms’ strategic behaviours and sanctions to non-compliant firms. For this purpose, we study an evolutionary...