Environmental Research Joint Ventures under Emission Taxes

Jiunn-Rong Chiou () and Jin-Li Hu ()

Environmental & Resource Economics, 2001, vol. 20, issue 2, 129-146

Abstract: The effect of environmentalpolicy depends crucially on the strategicbehavior of firms. Firms can undertakepollution abatement innovation cooperativelythrough environmental R&D joint ventures(RJVs). Environmental RJVs have not onlyenvironmental but also economic impacts. Threetypes of environmental RJV are discussed inthis paper: R&D cartelization in which firmschoose R&D efforts to maximize the jointprofit, RJV competition in which firms sharethe R&D fruits to maximize their own profits,and RJV cartelization in which firms share R&Dfruits and maximize the joint profit. An R&Dcartelization minimizes output quantities,maximizes the total emission, and minimizes thesocial surplus. An RJV cartelization with asufficiently high spillover coefficientmaximizes R&D efforts, minimizes the totalemission, and maximizes the social surplus. Copyright Kluwer Academic Publishers 2001

Keywords: collaboration; coordination; Cournot competition; pollution abatement; R&D joint venture; strategic effect (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (47)

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DOI: 10.1023/A:1012637212545

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