Dynamic Models of the Firm with Green Energy and Goodwill with a Constant Size of the Output Market

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

A chapter in Games in Management Science, 2020, pp 131-146 from Springer

Abstract: 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.

Keywords: Green capital; Goodwill; Optimal investment; Skiba curve (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isochp:978-3-030-19107-8_8

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DOI: 10.1007/978-3-030-19107-8_8

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