Prague Economic Papers 2004, 13(1):67-81 | DOI: 10.18267/j.pep.232
Technology and Antitrust Policies in a Polluting Industry
- Universidad del País Vasco, Facultad de Ciencias Económicas, Lehendakari Aguirre 83, E 48015 Bilbao, Spain (e-mail: jepsadij@bs.ehu.es; etpmaxxp@bs.ehu.es).
We compare different combinations of technology and antitrust policies from a social welfare point of view in a non-tournament model of cost reducing R&D with spillovers, for the case of a homogeneous goods duopoly, where production produces pollution as a by-product, firms face an exogenous emissions tax and can also invest in abatement technologies. We show that for sufficiently polluting industries facing a loose environmental policy, cooperative R&D is not always welfare improving; a policy of subsidizing cooperative R&D is always welfare improving; allowing for mergers may be socially desirable; not regulating the industry at all may be welfare superior to a policy consisting of forbidding market collusion and subsidizing cooperative R&D.
Klíčová slova: technology policy, antitrust, R&D cooperation, pollution
JEL classification: L40, L50, Q28
Zveřejněno: 1. leden 2004 Zobrazit citaci
Reference
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Přejít k původnímu zdroji...
- Petrakis, E., Poyago-Theotoky, J. (2002), "Technology Policy in an Oligopoly with Spillovers and Pollution." Australian Economic Papers, 41(1), pp. 37-52.
Přejít k původnímu zdroji...
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Přejít k původnímu zdroji...
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Přejít k původnímu zdroji...
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Přejít k původnímu zdroji...
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