Innovative financial products for environmental protection in an evolutionary context

The main objective of the paper is to analyse the effects on economic agents' behaviour deriving from the introduction of financial activities aimed to envi­ronmental protection. The environmental protection mechanism we study should permit exchange of financial activities among citizens, firms and Public Administration. Such a particular "financial market" is regulated by the Public Administration, but mainly fuelled by the interest of two classes of involved agents: firms and dwelling citizens. We assume that the adoption process of financial decisions is described by a two-population evolutionary game and we study the basic features of the resulting dynamics.