Green Technology, Research Joint Ventures and Emissions Taxation?
This paper performs a comparison of two well known approaches for modelling R&D spillovers associated with investment in green technology, namely D?Aspremont-Jacquemin and Kamien-Muller-Zang. We show that there is little qualitative difference between the models in terms of total surplus delivered when selecting the optimal tax regime when there is pre-commitment under cooperative R&D regimes. However, under non-cooperative regimes there is marked difference, with the model of Kamien-Muller-Zang leading to higher taxation rates when firms share information. Furthermore, we argue that the Kamien-Muller-Zang model is of questionable validity when modelling R&D on emissions reducing technology due to counter intuitive results showing a positive relationship between R&D spillovers and emissions taxes.
|Date of creation:||2012|
|Date of revision:|
|Contact details of provider:|| Web page: http://www.latrobe.edu.au/economics|
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- Joanna Poyago-Thotoky, 2003.
"Optimal Environmental Taxation, R&D Subsidization and the Role of Market Conduct,"
Finnish Economic Papers,
Finnish Economic Association, vol. 16(1), pages 15-26, Spring.
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- Petrakis, Emmanuel & Poyago-Theotoky, Joanna, 2002. "R&D Subsidies versus R&D Cooperation in a Duopoly with Spillovers and Pollution," Australian Economic Papers, Wiley Blackwell, vol. 41(1), pages 37-52, March.
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- Poyago-Theotoky, J.A., 2007. "The organization of R&D and environmental policy," Journal of Economic Behavior & Organization, Elsevier, vol. 62(1), pages 63-75, January.
- Poyago-Theotoky, J.A., 2010. "Corrigendum to "The Organization of R&D and Environmental Policy" [J. Econ. Behav. Org. 62 (2007) 63-75]," Journal of Economic Behavior & Organization, Elsevier, vol. 76(2), pages 449-449, November.
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