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- URN zum Zitieren dieses Dokuments:
- urn:nbn:de:bvb:355-epub-783710
- DOI zum Zitieren dieses Dokuments:
- 10.5283/epub.78371
Zusammenfassung
The neutrality of SRI in the AD-GE model by Arnold (2023) ceases to hold once the law of one price is violated for an asset that sufficiently many individuals (a single one may suffice) are not indifferent towards. The introduction of a green bond priced at a premium leads to an illusory gain, that is, a pure utility gain accompanied by a reduction of consumption, of green investors. Their ...
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