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

Environmental awareness, environmental R&D spillovers, and privatization in a mixed duopoly
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环保意识、环保R

DOI:
10.1007/s10018-021-00330-w
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发表时间:
2022
影响因子:
1.7
通讯作者:
Donglin Zhang
Donglin Zhang
中科院分区:
--
文献类型:
--
作者:
Akira Yakita; Donglin Zhang

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假设在混合双寡头市场中,消费品的环境友好性是不同的,本文分析了上市公司私有化对环境和社会福利的影响。上市公司最大化其利润和社会福利的加权平均值。这家私人公司使其利润最大化。消费者意识到商品的环境友好性。我们证明,在公共企业私有化程度的增加降低其环境R&D投资和产出。上市公司R&D投入的减少反过来又通过溢出效应降低了民营企业的R&D投入。这两家公司减少研发投资降低了这些产品的环境友好性。因此,消费者减少了对这些商品的消费。因此,如果消费者表现出对环境的友好,那么提高私有化程度可能是社会所不希望的。
Assuming that consumption goods are differentiated in terms of environmental friendliness in a mixed duopolistic market, we present an analysis of public firm privatization effects on the environment and social welfare. The public firm maximizes the weighted average of its profit and social welfare. The private firm maximizes its profit. Consumers are aware of the environmental friendliness of goods. We demonstrate that an increase in the degree of public firm privatization lowers its environmental R&D investment and output. The decreased public firm’s R&D in turn lowers the private firm’s R&D investment through spillovers. The reduction of R&D investment by both firms decreases the environmental friendliness of these goods. Consumers consequently decrease their consumption of these goods. Therefore, if consumers exhibit environmental friendliness, then an increased degree of privatization might be socially undesirable.
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