When to give the green light to green agreements

Oxera Agenda, September 2021

14 Pages Posted: 10 Nov 2021

See all articles by Guillaume Castroviejo

Guillaume Castroviejo

affiliation not provided to SSRN

Helen Jenkins

affiliation not provided to SSRN

Timo Klein

Utrecht University School of Economics; Oxera Consulting LLP

Nicole Rosenboom

affiliation not provided to SSRN

Date Written: September 13, 2021

Abstract

Should companies be allowed to cooperate—or ‘collude’—on socially beneficial environmental behaviour? Do companies even have the incentive to cooperate on socially beneficial behaviour? In this article, we reconcile apparently divergent views concerning the law and economics of the value of sustainability agreements, by illustrating how the presence of sustainability spillovers between firms can generate both socially and privately beneficial cooperation.

Keywords: Sustainability, Competition, Coordination, Spillovers

JEL Classification: C72, D61, D62, H41, L13, L21, L40, L41

Suggested Citation

Castroviejo, Guillaume and Jenkins, Helen and Klein, Timo and Klein, Timo and Rosenboom, Nicole, When to give the green light to green agreements (September 13, 2021). Oxera Agenda, September 2021, Available at SSRN: https://ssrn.com/abstract=3959762 or http://dx.doi.org/10.2139/ssrn.3959762

Guillaume Castroviejo

affiliation not provided to SSRN

Helen Jenkins

affiliation not provided to SSRN

Timo Klein (Contact Author)

Utrecht University School of Economics ( email )

Vredenburg 138
Utrecht, 3511 BG
Netherlands

Oxera Consulting LLP ( email )

Alfred Street
Oxford OX1 4EH
United States

Nicole Rosenboom

affiliation not provided to SSRN

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