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A differential game of R&D investment for pollution abatement in different market structures

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成果类型:
期刊论文
作者:
Yi, Yongxi;Xu, Rongwei*;Zhang, Sheng
通讯作者:
Xu, Rongwei
作者机构:
[Yi, Yongxi; Zhang, Sheng] Univ South China, Sch Econ Management & Law, Hengyang 421001, Peoples R China.
[Xu, Rongwei] Wuhan Univ, Inst Reg & Urban Rural Dev, Wuhan 430072, Hubei, Peoples R China.
通讯机构:
[Xu, Rongwei] W
Wuhan Univ, Inst Reg & Urban Rural Dev, Wuhan 430072, Hubei, Peoples R China.
语种:
英文
关键词:
Differential game;Oligopolistic market structure;Pollution abatement R&D investment;R&D investment spillovers
期刊:
Physica A-Statistical Mechanics and its Applications
ISSN:
0378-4371
年:
2019
卷:
524
页码:
587-600
基金类别:
Acknowledgments The authors would like to acknowledge the financial support from the China National for Social Science Research Project (Project no. 15CJY037), the Hunan Natural Science Foundation, China (Project no. 2018JJ2335) and Foundation of Philosophy and Social Sciences, Hunan, China (18YBA368, 16YBA315) for this paper. Conflict of interest The authors declare that there is no conflict of interest regarding the publication of this paper.
机构署名:
本校为第一机构
摘要:
This paper extends the recent work of Shibata from static perspective to dynamic perspective, presents a differential game model of pollution abatement R&D investment with emission tax. Two key factors to continuously measuring the intensity of market competition and pollution abatement R&D investment spillovers respectively are included in the model. Results show that before the termination point of the project, as the market becomes more competitive, noncooperative R&D investment is more likely to be preferred. There are cases in which, contrary to conventional wisdom, when the market is per...

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