Tuesday 13
C4 - Environment IV
Chair: Jean-Marc Bourgeon
› 10:15 - 10:40 (25min)
› Room 005 - E. Jaques-Dalcroze
Green Technology Adoption and the Business Cycle
Jean-Marc Bourgeon  2, 1@  , Margot Hovsepian  2@  
2 : Centre de Recherche en Économie et Statistique  (CREST)
Ecole Polytechnique
1 : UMR Économie Publique
Institut National de la Recherche Agronomique - INRA (FRANCE), Polytechnique - X

We analyze the adoption of green technology in a dynamic economy affected by random shocks. Uncertainty and firms' beliefs have an effect on private investment decisions. We characterize the impact of economic uncertainty on the expected time and on the likelihood to reach a targeted level of environmental quality and we derive the value that should be given to the environmental quality to avoid an environmental catastrophe.

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