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 / Lambertini, L.; Poyago-Theotoky, J.; Tampieri, A.. - In: ENERGY ECONOMICS. - ISSN 0140-9883. - 68:(2017), pp. 116-123. [10.1016/j.eneco.2017.09.022]
Cournot competition and “green” innovation: An inverted-U relationship
Tampieri A.
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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