We examine the relationship between competition and innovation in an industry where production is polluting and R&D has the aim to reduce emissions ("green" innovation). We present an n-firm oligopoly where firms compete in quantities and decide their investment in "green" R&D. We analyse the case where the emission tax is set endogenously by a committed regulator and uncover an inverted-U relationship between innovation and competition that is mainly driven by the presence of R&D spillovers.
Cournot Competition and "Green" Innovation: An Inverted-U Relationship / Poyago Theotoky, J.; Lambertini, L.; Tampieri, Alessandro. - In: ENERGY ECONOMICS. - ISSN 1873-6181. - STAMPA. - 68:(2017), pp. 116-123. [10.1016/j.eneco.2017.09.022]
Cournot Competition and "Green" Innovation: An Inverted-U Relationship
TAMPIERI, ALESSANDRO
2017
Abstract
We examine the relationship between competition and innovation in an industry where production is polluting and R&D has the aim to reduce emissions ("green" innovation). We present an n-firm oligopoly where firms compete in quantities and decide their investment in "green" R&D. We analyse the case where the emission tax is set endogenously by a committed regulator and uncover an inverted-U relationship between innovation and competition that is mainly driven by the presence of R&D spillovers.
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