@inbook{d5b3bf1b2e2847e0b3c5e7b170e5414f,
title = "Dynamic models of the firm with green energy and goodwill",
abstract = "This paper considers the effect of investment in solar panels on optimal dynamic firm behavior. To do so, an optimal control model is analyzed that has as state variables goodwill and green capital stock. Following current practice in companies like Tesla and Google, we take into account that the use of green energy has positive goodwill effects. As a solution, we find an optimal trajectory that overshoots before reaching a stable steady state.",
author = "H. Dawid and R.F. Hartl and Kort, {Peter M.}",
year = "2018",
language = "English",
volume = "687",
series = "Lecture Notes in Economics and Mathematical Systems ",
publisher = "Springer",
pages = "279--296",
editor = "G. Feichtinger and R.M. Kovacevic and G. Tragler",
booktitle = "Control Systems and Mathematical Methods in Economics",
address = "Germany",
}