EconPapers    
Economics at your fingertips  
 

Environmental protection mechanisms and technological dynamics

Angelo Antoci, Simone Borghesi () and Paolo Russu ()

Economic Modelling, 2012, vol. 29, issue 3, 840-847

Abstract: The paper proposes a new financial mechanism that could be implemented to protect the environment of a tourist region. For this purpose, we investigate the potential consequences of two financial activities, issued by the local government (G) of a region R, which work like contracts between G and, respectively, visitors of R and firms operating in R. According to these contracts, agents who decide to visit R (firms that decide to adopt an environmental friendly technology) have to buy an option that entitle them to get a partial or total reimbursement if environmental quality in R turns out to be sufficiently low (high), namely, below (above) a given predetermined threshold level.

Keywords: Environmental protection; Financial instruments; Technological innovation; Evolutionary dynamics (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S026499931100232X
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Environmental protection mechanisms and technological dynamics (2011) Downloads
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:eee:ecmode:v:29:y:2012:i:3:p:840-847

DOI: 10.1016/j.econmod.2011.10.004

Access Statistics for this article

Economic Modelling is currently edited by S. Hall and P. Pauly

More articles in Economic Modelling from Elsevier
Bibliographic data for series maintained by Haili He ().

 
Page updated 2020-07-09
Handle: RePEc:eee:ecmode:v:29:y:2012:i:3:p:840-847