search query: @indexterm r&d / total: 2064
reference: 8 / 2064
| Author: | Heyes, A. Kapur, S. |
| Title: | Regulatory attitudes and environmental innovation in a model combining internal and external R&D |
| Journal: | Journal of Environmental Economics and Management
2011 : MAY, VOL. 61:3, p. 327-340 |
| Index terms: | environmental economics r&d pollution control welfare technological innovation delegation |
| Language: | eng |
| Abstract: | The extent to which environmental regulatory institutions are either green or brown not just affects the regulation intensity at any moment, but also the incentives to develop new pollution-control technologies. We set up a strategic model of R&D, where a polluter can utilize technologies developed in-house, or license technologies developed by specialists outside the company (an eco-industry). Polluters improve R&D effort and may even develop redundant technologies to better the terms on which they acquire technology from outside. We found that, while regulatory bias has an ambiguous effect on the best-available technology, strategic delegation to systematically biased regulators may improve social welfare. |
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