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Emeline BEZIN “FNRS Research fellow (Fond National de la Recherche Scientifique) IRES, Université Catholique de Louvain (Belgium) & Paris School of Economics (France))” ” The Economics of Green Consumption, Cultural Transmission and Sustainable Technological Change”
December 18, 2017, 12:15 pm - 1:30 pm
The Macroeconomics Seminar: Every Monday at 12:15 pm.
Time: 12:15 pm – 1:30 pm
Date: 18th of Décember 2017
Place: Room 3001.
Emeline BEZIN (Fond National de la Recherche Scientifique) IRES, Université Catholique de Louvain (Belgium) & Paris School of Economics (France))- ” The Economics of Green Consumption, Cultural Transmission and Sustainable Technological Change”
A model shows that systematic interactions between green consumer culture and sus-
tainable technologies can give rise to path dependency in sustainable innovation processes.
The theory includes (i) green preferences formed through cultural transmission which in-
volves rational socialization actions, (ii) innovation endogenously directed to sustainable
or unsustainable sectors depending on culture through market size effects. When inter-
actions between green culture and technology are strong enough, the dynamics exhibits
complementarities resulting in path dependency. Two long-term outcomes emerge. A
green equilibrium (with strong green culture and an environmentally benign technology),
a brown equilibrium (with weak green culture and a pollution-intensive technology). I
show that the green equilibrium allows to achieve sustainability at a lower cost. More-
over, the theory enables the study of an important disregarded issue, i.e., the political
sustainability of environmental taxes.
Organizers: Julien PRAT (CREST )
Address : ENSAE ParisTech 5, avenue Henry Le Chatelier 91120 Palaiseau, How to come?