R&D In Cleaner Technology And International Trade
AbstractWe consider a non-cooperative three-stage game played by two regulator-firm hierarchies. We suppose that raising public funds is socially costly and that market sizes are large enough. Contrary to what might be expected, we show that opening markets to international trade increases the per-unit emission-tax and decreases the per-unit R&D subsidy. It also increases the R&D level, production, and pollution when the marginal damage of pollution is sufficiently high, and, consequently, decreases the emission ratio and the social welfare. However, we think that these results might change if the market sizes are not too large or if we introduce asymmetric information.
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Bibliographic InfoArticle provided by World Scientific Publishing Co. Pte. Ltd. in its journal International Game Theory Review.
Volume (Year): 12 (2010)
Issue (Month): 01 ()
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Web page: http://www.worldscinet.com/igtr/igtr.shtml
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- B4 - Schools of Economic Thought and Methodology - - Economic Methodology
- C0 - Mathematical and Quantitative Methods - - General
- C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
- C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
- D5 - Microeconomics - - General Equilibrium and Disequilibrium
- D7 - Microeconomics - - Analysis of Collective Decision-Making
- M2 - Business Administration and Business Economics; Marketing; Accounting - - Business Economics
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