What is the socially desirable formation of environmental R&D?
AbstractThis paper presents an examination of the socially desirable formation of environmental R&D in Cournot duopoly in a setting where a regulator has no precommitment ability for an emissions tax. The results reveal that if environmental damage is sufficiently small, alternatively if there is severe environmental damage and large inefficiency in environmental R&D costs, then environmental research joint venture (ERJV) carteliza- tion is socially desirable. However, if environmental damage is sufficiently extensive, and if a firm’s environmental R&D costs are sufficiently limited, then, in contrast to previous studies, environmental R&D competition is socially more desirable than environmental R&D cartelization and ERJV cartelization, although R&D competition is the case of “NO information sharing” and “NO R&D coordination.”
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Bibliographic InfoPaper provided by Hiroshima University, Graduate School for International Development and Cooperation (IDEC) in its series IDEC DP2 Series with number 2-6.
Length: 19 pages
Date of creation: Feb 2012
Date of revision:
Environmental research joint venture; Environmental R&D; Time-consistent emission tax; Competition policy; Cournot duopoly;
Find related papers by JEL classification:
- O32 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Management of Technological Innovation and R&D
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
- Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
- Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
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