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Explore the interplay between Environmental Corporate Social Responsibility (ECSR) practices and emission permits in this 47-minute Dynamic Games and Applications seminar. Delve into Alessandro Tampieri's analysis of steady-state industry configurations in oligopolies comprising profit-seeking and ECSR firms within an evolutionary setting. Examine the impact of Emission Trading System (ETS) schemes on pollution regulation and firms' investments in emission abatement technology. Discover surprising findings on individual ECSR firms potentially polluting more than their profit-seeking counterparts, and how ETS introduction affects competitive dynamics. Investigate the model's components, including profit functions, environmental damage, static equilibrium, and evolutionary game theory. Assess the stringency of ETS policy and its effects on social welfare and environmental concerns, providing valuable insights into the complex relationship between corporate environmental practices and emission permit systems.
