English, Article edition: TECHNOLOGY AND ANTITRUST POLICIES IN A POLLUTING INDUSTRY Joel Sandonís; Petr Mariel

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Bookmark: http://trove.nla.gov.au/version/197600
Physical Description
  • article
Language
  • English

Edition details

Title
  • TECHNOLOGY AND ANTITRUST POLICIES IN A POLLUTING INDUSTRY
Author
  • Joel Sandonís
  • Petr Mariel
Physical Description
  • article
Notes
  • technology policy, R&​D cooperation, pollution, antitrust
  • RePEc:prg:jnlpep:v:2004:y:2004:i:1:id:232:p:67-81
  • 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.
  • technology policy, antitrust, R&​D cooperation, pollution
Language
  • English
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