Green firm, brown environment
We develop a theoretical model to examine the implication of a monopolist’s environmental consciousness, which induces it to adopt cleaner technology or to internalize negative environmental externalities of production or both, for the environment. Results show that greater environmental concern of...
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| Veröffentlicht in: | The Manchester school 2022-03, Vol.90 (2), p.107-121 |
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| container_end_page | 121 |
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| container_issue | 2 |
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| container_title | The Manchester school |
| container_volume | 90 |
| creator | Pal, Rupayan Banerjee, Prasenjit Thakkar, Pratik Tanvir Hussain, A. M. |
| description | We develop a theoretical model to examine the implication of a monopolist’s environmental consciousness, which induces it to adopt cleaner technology or to internalize negative environmental externalities of production or both, for the environment. Results show that greater environmental concern of the monopolist may damage the environment more, despite leading to lower emission intensity. This is true regardless of whether consumers value green production or not. This paper also draws implications of technology standard and emission tax as instruments for environmental regulation. This paper provides a theoretical underpinning of the rebound effect in production by showing that the voluntary pro‐environmental compliance behavior may not always mitigate the rebound effect. This suggests that a regulator should be cautious while designing regulatory mechanisms. |
| doi_str_mv | 10.1111/manc.12394 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 1463-6786 |
| ispartof | The Manchester school, 2022-03, Vol.90 (2), p.107-121 |
| issn | 1463-6786 1467-9957 |
| language | eng |
| recordid | cdi_proquest_journals_2628016787 |
| source | Wiley Online Library Journals Frontfile Complete; Business Source Complete |
| subjects | Consciousness Consumers Emissions environmental concern environmental damage green technology internalizing externalities monopoly Taxation Technology |
| title | Green firm, brown environment |
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