M, 2023
Event Details
This paper presents a model where the managers of two firms decide about adopting a sustainable production technology (or product). It demonstrates under what conditions a firm experiences a first-mover
Event Details
This paper presents a model where the managers of two firms decide about adopting a sustainable production technology (or product). It demonstrates under what conditions a firm experiences a first-mover disadvantage from going green, which may potentially be overcome by a sustainability agreement serving as a device for equilibrium selection in a coordination game with multiple equilibria. If the technology adoption game is, however, a prisoner’s dilemma, the sustainability agreement must be structured like a hardcore cartel.
Speaker
PD Dr. Johannes Paha
Time
(Tuesday) 1:10 pm - 2:10 pm CAT
Location
Microsoft Teams
Organizer
Wihan Maraiswihanmarais@sun.ac.za