BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//Memento EPFL//
BEGIN:VEVENT
SUMMARY:Emission caps and investment in green technologies
DTSTART:20251128T110000
DTEND:20251128T121500
DTSTAMP:20260531T071959Z
UID:ada80d5dd97b01d362668a3790053ef35abbd1c2b634cea7fedc5300
CATEGORIES:Conferences - Seminars
DESCRIPTION:Augustin Landier - HEC Paris\nWe study the interaction between
  firms\, which can invest in green technologies\, and government\, which c
 an impose emission caps but has limited commitment power.  Investment in 
 green technologies generates innovation spillovers\, reducing the cost of 
 further investments. Spillovers generate intertemporal strategic complemen
 tarities between firms and government\, and equilibrium multiplicity. In a
  "green equilibrium''\, firms\, anticipating caps\, invest in green techno
 logies\, which reduces the cost of further investment\, making the governm
 ent willing to cap emissions. In a "brown equilibrium''\, firms anticipati
 ng don't invest\, so green technologies remain costly and the government g
 ives up on emission caps. 
LOCATION:UNIL\, Extranef\, room 126
STATUS:CONFIRMED
END:VEVENT
END:VCALENDAR