Green Innovation and Competition: R&D Incentives in a Circular Economy

被引：15

作者：

Bimonte, Giovanna ^{[1
]}

Romano, Maria Grazia ^{[1
,2
,3
]}

Russolillo, Maria ^{[1
,4
]}

机构：

[1] Univ Salerno, Dept Econ & Stat, Via Giovanni Paolo II,132, I-84084 Fisciano, Italy

[2] Univ Naples Federico II, Dept Econ & Stat, Via Cintia, I-80126 Naples, Italy

[3] Univ Naples Federico II, CSEF, Via Cintia, I-80126 Naples, Italy

[4] City Univ London, Fac Actuarial Sci & Insurance, Bayes Business Sch, 106 Bunhill Row, London EC1Y 8TZ, England

来源：

GAMES | 2021年 / 12卷 / 03期

关键词：

circular economy; cournot oligopoly; R&D investment spillovers; green innovation; DEVELOPMENT INVESTMENTS; PERFORMANCE; FAMILY; FIRMS; BOARD;

D O I：

10.3390/g12030068

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The present paper provides theoretical insights regarding the determinants of firms' incentives to invest in a Circular Economy. The analysis relies on a Cournot model disaggregating the disposal cost in the production function. In a non-simultaneous sequential game, two risk-neutral firms are endowed with a green innovation project that, if successful, would reduce the overall production costs and implement a Circular Economy. Firms are plagued by asymmetric information about the exact value of the other firm's innovation. In this setting, the R&D investment in a Circular Economy, by affecting the distribution of production and disposal costs, influences the production decisions of both the innovating and the rival firms. The sign of the impact depends on the firms' strategy in the product market. Furthermore, the analysis points out that cooperation in R&D of firms competing in the product market reinforces incentives to invest in green innovation. This suggests that governments aimed to advance a Circular Economy should encourage firms' cooperation.

引用

页数：13

共 32 条

[21] Managerial Risk, Innovation, and Organizational Decline [J].

Latham, Scott F. ;

Braun, Michael .

JOURNAL OF MANAGEMENT, 2009, 35 (02) :258-281

[22]

Meidute-Kavaliauskiene I., 2021, J. Open Innov. Technol. Mark. Complex., V7, DOI [10.3390/joitmc7020107, DOI 10.3390/JOITMC7020107]

[23] The Circular Economy: Swings and Roundabouts? [J].

Millar, Neal ;

McLaughlin, Eoin ;

Borger, Tobias .

ECOLOGICAL ECONOMICS, 2019, 158 :11-19

[24]

OECD, 2009, SUSTAINABLE MANUFACT

[25] THE ANALYSIS OF ECONOMIC CHANGE [J].

Schumpeter, Joseph A. .

REVIEW OF ECONOMIC STATISTICS, 1935, 17 (04) :2-10

[26]

Schumpeter Joseph A., 1943, CAPITALISM SOCIALISM, DOI DOI 10.4324/9780203202050

[27] COST REDUCTION, COMPETITION, AND INDUSTRY PERFORMANCE [J].

SPENCE, M .

ECONOMETRICA, 1984, 52 (01) :101-121

[28] Do the type and number of blockholders influence R&D investments? New evidence from Spain [J].

Tribo, Josep A. ;

Berrone, Pascual ;

Surroca, Jordi .

CORPORATE GOVERNANCE-AN INTERNATIONAL REVIEW, 2007, 15 (05) :828-842

[29] Family ownership as a moderator between R&D investments and CEO compensation [J].

Tsao, Shou-Min ;

Lin, Che-Hung ;

Chen, Vincent Y. S. .

JOURNAL OF BUSINESS RESEARCH, 2015, 68 (03) :599-606

[30]

Tylecote A, 2008, ROUTL STUD GLOB COMP, P1

← 1 2 3 4 →