Dynamic models of the firm with green energy and goodwill with a constant size of the output market
Dawid,Herbert Hartl,Richard F. Kort,Peter M.
Dawid,Herbert
Hartl,Richard F.
Kort,Peter M.
Abstract
This paper analyzes a dynamic model of the firm. We focus on the effect of investment in green energy. We explicitly take into account that green energy has a positive side effect, namely that it contributes to the goodwill of the firm and thus increases demand. Different models are proposed and the solutions range from monotonic saddle point convergence to history-dependent Skiba behavior.
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Publisher Copyright: © Springer Nature Switzerland AG 2020.
Date
2020
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Springer
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Keywords
green capital, goodwill, optimal investment, Skiba curve, SDG 7 - Affordable and Clean Energy
Citation
Dawid, H, Hartl, R F & Kort, P M 2020, Dynamic models of the firm with green energy and goodwill with a constant size of the output market. in P O Pineau, S Sigué & S Taboubi (eds), Games in Management Science : Essays in Honor of Georges Zaccour. International Series in Operations Research & Management Science, vol. 280, Springer, Cham, pp. 131-146. https://doi.org/10.1007/978-3-030-19107-8_8