A new public goods’ game: how heterogeneous agents invest in the green transition

Green Transition and Environmental Policy in Imperfectly Competitive Markets: Insights from Agent-Based Modelling

More Money for Some: The Redistributive Effects of Open Market Operations

European Economic Review

Financial Institutions and the Green Transition: ESG capital allocation and outcomes

Climate change is one of, if not the most important, challenges of our time and the green transition needs an estimated $9 trillion of finance every year - only a fifth of which is currently being met. Investors and lenders increasingly view environmental impact through a risk lens and may additionally hold ethical pre...

Discussion Papers In Economics And Business

Impact Investing With Shareholder Engagement

In this paper, we study the impact of shareholder engagement on asset prices and corporate practices. We develop a dynamic equilibrium model where heterogeneous green investors choose their optimal asset allocation and costly engagement efforts, and a representative firm sets its greenhouse gas (GHG) emissions to minim...