BIGFI/Finance Seminar with Augustin Landier, HEC Paris

On Friday, May 2, 2025, Augustin Landier, HEC Paris, will be giving a seminar on the paper: Emission caps and investment in green technologies

Friday, May 2, 2025 - 11:00 to 12:15

The Department of Finance and BIGFI are proud to announce the upcoming seminar with Augustin Landier, HEC Paris. 

Augustin Landier will present: Emission caps and investment in green technologies

Abstract:
We study the interaction between firms, which can invest in green technologies, and government, which can impose emission caps but has limited commitment power.  Investment in green technologies generates innovation spillovers, reducing the cost of further investments. Spillovers generate strategic complementarities between firms and government, and equilibrium multiplicity. In a ``green equilibrium'', firms, anticipating caps, invest  a lot in green technologies, which reduces the cost of further investment, making the government willing to cap emissions. In a ``brown equilibrium'', firms anticipating no caps invest only a little, so green technologies remain costly and the government gives up on emission caps. 

Location:
Solbjerg Plads 3
2000 Frederiksberg
Room: SPs07

The page was last edited by: Department of Finance // 04/28/2025