Environmental Policy, Mergers and Environmental R&D with Spillovers
| dc.creator | Wang, Chenyu | |
| dc.date | 2020-08-11 | |
| dc.date.accessioned | 2023-03-08T19:00:11Z | |
| dc.date.available | 2023-03-08T19:00:11Z | |
| dc.identifier | https://revistas.pucp.edu.pe/index.php/economia/article/view/22531 | |
| dc.identifier | 10.18800/economia.202002.001 | |
| dc.identifier.uri | https://repositorioslatinoamericanos.uchile.cl/handle/2250/5961756 | |
| dc.description | This project lies at the frontier between environmental economics and industrial organization. We use a duopoly setting of a three-stage game; in the first stage, the government chooses an emission tax and aims for maximizing welfare; in the second stage, firms use R&D to reduce their emissions; in the last stage, firms compete a la Cournot with differentiated products. We focus on two policy regimes and three scenarios, namely regimes of competition and merger andscenarios of commitment, non-commitment, and exogenous tax. The study focuses on two major questions: (1) what is the effect of merger on R&D, and the effect of commitment on R&D? (2) what is the effect of merger and commitment on the economy? Results are obtained through numerical simulations of the model. We find that: (i) Merger has a positive effect on R&D under non-commitment and the exogenous tax scenarios. (ii) Under commitment, if goods are imperfect substitutes or homogenous, merger has a negative effect on R&D; if goods are complements or independent, merger has a positive effect on R&D. (iii) For any types of goods under any regime, commitment has a negative effect on R&D. | en-US |
| dc.format | application/pdf | |
| dc.language | eng | |
| dc.publisher | Pontificia Universidad Católica del Perú | en-US |
| dc.relation | https://revistas.pucp.edu.pe/index.php/economia/article/view/22531/21721 | |
| dc.rights | http://creativecommons.org/licenses/by/4.0 | es-ES |
| dc.source | Economía; Volume 43 Issue 86 (2020); 1-38 | es-ES |
| dc.source | 2304-4306 | |
| dc.source | 0254-4415 | |
| dc.subject | Environmental Economics | en-US |
| dc.subject | Industrial Organization | en-US |
| dc.subject | Environmental R&D | en-US |
| dc.subject | Environmental Modelling | en-US |
| dc.title | Environmental Policy, Mergers and Environmental R&D with Spillovers | en-US |
| dc.type | info:eu-repo/semantics/article | |
| dc.type | info:eu-repo/semantics/publishedVersion |