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https://doi.org/10.1080/1331677X.2019.1658530

Environmental R&D subsidy, spillovers and privatization in a mixed duopoly

Mingqing Xing ; School of Economics and Management, and Neural Decision Science Laboratory, Weifang University, Weifang, China
Tingting Tan ; Business School, Huzhou University, Huzhou, China
Xia Wang ; School of Chemical and Environmental Engineering, Weifang University, Weifang, China

Puni tekst: engleski, pdf (2 MB) str. 2989-3015 preuzimanja: 53* citiraj
APA 6th Edition
Xing, M., Tan, T. i Wang, X. (2019). Environmental R&D subsidy, spillovers and privatization in a mixed duopoly. Economic research - Ekonomska istraživanja, 32 (1), 2989-3015. https://doi.org/10.1080/1331677X.2019.1658530
MLA 8th Edition
Xing, Mingqing, et al. "Environmental R&D subsidy, spillovers and privatization in a mixed duopoly." Economic research - Ekonomska istraživanja, vol. 32, br. 1, 2019, str. 2989-3015. https://doi.org/10.1080/1331677X.2019.1658530. Citirano 05.04.2020.
Chicago 17th Edition
Xing, Mingqing, Tingting Tan i Xia Wang. "Environmental R&D subsidy, spillovers and privatization in a mixed duopoly." Economic research - Ekonomska istraživanja 32, br. 1 (2019): 2989-3015. https://doi.org/10.1080/1331677X.2019.1658530
Harvard
Xing, M., Tan, T., i Wang, X. (2019). 'Environmental R&D subsidy, spillovers and privatization in a mixed duopoly', Economic research - Ekonomska istraživanja, 32(1), str. 2989-3015. https://doi.org/10.1080/1331677X.2019.1658530
Vancouver
Xing M, Tan T, Wang X. Environmental R&D subsidy, spillovers and privatization in a mixed duopoly. Economic research - Ekonomska istraživanja [Internet]. 2019 [pristupljeno 05.04.2020.];32(1):2989-3015. https://doi.org/10.1080/1331677X.2019.1658530
IEEE
M. Xing, T. Tan i X. Wang, "Environmental R&D subsidy, spillovers and privatization in a mixed duopoly", Economic research - Ekonomska istraživanja, vol.32, br. 1, str. 2989-3015, 2019. [Online]. https://doi.org/10.1080/1331677X.2019.1658530

Sažetak
The study considers an environmental R&D subsidy in a mixed duopoly with spillovers. Public and private firms compete in environmental R&D investments and the government sets the subsidy to environmental R&D. This study examines three cases: (a) the public firm cares for the environment and maximises the welfare; (b) it does not care for the environment and maximises the sum of consumer and producer surpluses net of subsidy; and (c) it is privatised and maximises its own profit. The main findings are as follows: 1) the optimal subsidies are positive in all three cases; 2) the optimal subsidy always increases with spillovers in case (a), but it may decrease with spillovers in cases (b) and (c); 3) the optimal subsidy is higher in case (a) than in case (b) if the seriousness of environmental damage generated by pollution is small, however the opposite case may be the case if it is large; 4) the use of subsidy results in higher total R&D and lower environmental damage in all three cases; 5) privatisation lowers optimal subsidy (or environmental damage) no matter whether the public firm cares for the environment or not; and 6) privatisation reduces welfare if the public firm cares for the environment, but may raise welfare if it does not care for the environment.

Ključne riječi
Environmental R&D subsidy; R&D competition; mixed duopoly; spillover; privatization; Cournot competition

Hrčak ID: 229624

URI
https://hrcak.srce.hr/229624

Posjeta: 81 *