“…This paper models green consumers on a continuum along which consumers have different levels of greenness. As consumers become greener, their willingness to pay for greener products increases (Binder and Blankenberg, 2017;Dawid et al, 2020;Griskevicius et al, 2010;Lisberg Jensen and Elahi, 2017;Sexton and Sexton, 2014;Yao et al, 2022). Similar to Kort et al (2006) and Chenavaz and Jasimuddin (2017), recall in the model, the price is determined by an inverse demand function.…”