Kristrom, Bengt; Lundgren, Tommy - In: Applied Economics 35 (2003) 18, pp. 1915-1921
This paper develops and estimates a dynamic model that links profits to green goodwill. Assuming that abatement investments generate green goodwill, and using data from the Swedish pulp industry, we are able to test the effects of green goodwill on firm level output price and profits. The...