Dynamic Models of the Firm with Green Energy and Goodwill

Herbert Dawid (), Richard F. Hartl and Peter Kort
Additional contact information
Herbert Dawid: Bielefeld University
Richard F. Hartl: University of Vienna

A chapter in Control Systems and Mathematical Methods in Economics, 2018, pp 279-296 from Springer

Abstract: Abstract This paper considers the effect of investment in solar panels on optimal dynamic firm behavior. To do so, an optimal control model is analyzed that has as state variables goodwill and green capital stock. Following current practice in companies like Tesla and Google, we take into account that the use of green energy has positive goodwill effects. As a solution, we find an optimal trajectory that overshoots before reaching a stable steady state.

Date: 2018
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:lnechp:978-3-319-75169-6_14

Ordering information: This item can be ordered from
http://www.springer.com/9783319751696

DOI: 10.1007/978-3-319-75169-6_14

Access Statistics for this chapter

More chapters in Lecture Notes in Economics and Mathematical Systems from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().