A note on environmental R&D under time-consistent emission tax
Yasunori Ouchida () and
Daisaku Goto ()
No 1-6, IDEC DP2 Series from Hiroshima University, Graduate School for International Development and Cooperation (IDEC)
In a recent publication in Journal of Economic Behavior and Organization, Poyago-Theotoky (2007) developed a three-stage game model, and also derived theoretical findings and important policy implications for environmental R&D under a time-consistent emission tax. Among the conclusions presented in that paper, it was stated that with inefficient environmental R&D technology and small environmental damage, cooperative environmental R&D engenders larger environmental R&D efforts and greater social welfare than noncooperative environmental R&D does. This note describes that the results of Professor Poyago-Theotoky's (2007, 2010) works are still robust in a relaxed wider parameter range of the environmental damage coefficient. Furthermore, we provide the generalized sufficient condition of damage coefficient to guarantee an interior solution for R&D in an extended framework.
Keywords: Time-consistent emission tax; Environmental R&D; environmental damage; Cournot duopoly (search for similar items in EconPapers)
JEL-codes: O32 L13 Q55 Q58 (search for similar items in EconPapers)
Pages: 6 pages
New Economics Papers: this item is included in nep-ene, nep-env, nep-ino, nep-pbe and nep-res
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http://ir.lib.hiroshima-u.ac.jp/files/public/31847 ... 61/IDEC-DP2_01-6.pdf First version, 2011 (application/pdf)
Journal Article: A Note on Environmental R&D under Time-Consistent Emission Tax (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:hir:idecdp:1-6
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