Search results for "Smart and sustainable development"
showing 2 items of 2 documents
Institutions and Innovation as Driving Forces Towards a Smart City and Sustainable Territorial Development
2018
The aim of the chapter is the analysis of innovation and institution as key-elements for reaching a higher social welfare and for improving environmental quality. To determine a social optimum or a Pareto improvement, we consider the interaction between institution and firm in the short and in the medium/long run. Using a static comparative analysis, the interaction of these two agents, institution and market, is examined. Within the market an entrant and an incumbent firm are present, and the entrant firm radically innovates. Even if in the short run results show that the market alone is able to realize a Pareto improvement, an institution action through an innovation adoption is a prefera…
Institutions, firms and environment in a framework of innovation
2017
The aim of the paper is the analysis of innovation and institution as the key elements for reaching a higher social welfare and environmental quality. To determine a social optimum or a Pareto improvement, we consider the interaction between institution and firm in the short and in the medium/long run. Using a static comparative analysis, the interaction of these two agents, institution and market, is examined. Within the market an entrant and an incumbent firm are present, where the entrant firm represents the firm who radically innovates. Even if in the short run results show that the market alone is able to realize a Pareto improvement, however, whenever institution intervenes through an…