Sustainability agreements and first mover advantages

M, 2023

22aug1:10 pm2:10 pmSustainability agreements and first mover advantagesEvent Type :Seminar Speaker: PD Dr. Johannes Paha

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