Abstract
Consumers are increasingly questioning how their purchasing decisions impact the environment. Technological innovation, which reduces production costs of eco-friendly products, significantly impacts the market. With new technologies, eco-friendly products become more affordable. This study examines where incentives to invest in technology development are higher: in a market with or without obligatory regulation restrictions for non-eco products. We show that incentives to invest in technology development may be higher in a market without obligatory restrictions for non-eco products.
| Original language | English |
|---|---|
| Pages (from-to) | 73-87 |
| Number of pages | 15 |
| Journal | Economics Bulletin |
| Volume | 45 |
| Issue number | 1 |
| State | Published - 2025 |