Green investment choice in a duopoly market with quality competition

双头垄断 投资(军事) 补贴 开放式投资公司 竞赛(生物学) 伞式基金 质量(理念) 单独管理账户 业务 投资回报率 投资策略 产业组织 经济 政府(语言学) 微观经济学 市场经济 生产(经济) 古诺竞争 哲学 认识论 政治 生物 利润(经济学) 法学 语言学 生态学 政治学
作者
Xinxin Zhang,Ting Chen,Chenglin Shen
出处
期刊:Journal of Cleaner Production [Elsevier]
卷期号:276: 124032-124032 被引量:43
标识
DOI:10.1016/j.jclepro.2020.124032
摘要

Motivated by the fact that green investment and quality investment have become two vital long-term strategic tools for firms to improve their reputations and market competitiveness, this paper develops a game-theoretical model to study green investment choice decisions of two horizontally differentiated firms in the presence of quality competition. Given that the firms’ optimal green investment decisions do not always align with the environmental optimal objective, we further examine the motivation of government subsidy for green investment and the optimal subsidy programs. Three main findings are highlighted as follows. First, the internal relationship between green investment and quality investment plays a key role in firms’ green investment choices. Specifically, when green investment and quality investment are substitutes, no firm decides to make green investments, whereas when green investment and quality investment are complements, whether a firm makes a green investment depends on the green investment efficiency. Interestingly, with a moderate high green investment efficiency, the two ex-ante symmetric firms implement different technology investment strategies. Second, although green investment always benefits to curb total carbon emissions, a firm switching to green technologies does not always reduce its own emissions. Third, through different subsidy programs, the government can encourage firms to make green investments. When the subsidy is sufficiently high, the two firms can achieve a win-win outcome through green investments.

科研通智能强力驱动
Strongly Powered by AbleSci AI
更新
大幅提高文件上传限制,最高150M (2024-4-1)

科研通是完全免费的文献互助平台,具备全网最快的应助速度,最高的求助完成率。 对每一个文献求助,科研通都将尽心尽力,给求助人一个满意的交代。
实时播报
刚刚
1秒前
所所应助goovenph采纳,获得10
1秒前
1秒前
情怀应助冷傲念芹采纳,获得10
2秒前
烟花应助科研通管家采纳,获得10
2秒前
烟花应助科研通管家采纳,获得10
2秒前
ding应助科研通管家采纳,获得10
2秒前
搜集达人应助科研通管家采纳,获得10
2秒前
天天快乐应助科研通管家采纳,获得10
2秒前
Hello应助科研通管家采纳,获得10
2秒前
科研通AI2S应助科研通管家采纳,获得10
2秒前
阿冰应助科研通管家采纳,获得10
2秒前
iconcrete应助科研通管家采纳,获得10
3秒前
小马甲应助科研通管家采纳,获得10
3秒前
ck完成签到,获得积分10
3秒前
星辰大海应助科研通管家采纳,获得10
3秒前
CipherSage应助科研通管家采纳,获得10
3秒前
天天快乐应助科研通管家采纳,获得30
3秒前
李健应助科研通管家采纳,获得10
3秒前
汉堡包应助科研通管家采纳,获得10
3秒前
科研通AI2S应助科研通管家采纳,获得10
3秒前
3秒前
奋斗枫应助科研通管家采纳,获得50
4秒前
zyy应助科研通管家采纳,获得10
4秒前
852应助lily采纳,获得10
4秒前
bkagyin应助wzy采纳,获得10
4秒前
4秒前
4秒前
曾珍发布了新的文献求助10
5秒前
5秒前
名丿发布了新的文献求助10
6秒前
7秒前
KneeYu发布了新的文献求助10
7秒前
rosalieshi应助yehata采纳,获得30
7秒前
谦让可冥发布了新的文献求助10
7秒前
8秒前
lurun完成签到,获得积分10
8秒前
Owen应助光亮的素采纳,获得10
8秒前
小鱼完成签到,获得积分10
10秒前
高分求助中
Evolution 3rd edition 1500
保险藏宝图 1000
Lire en communiste 1000
Mantiden: Faszinierende Lauerjäger Faszinierende Lauerjäger 700
PraxisRatgeber: Mantiden: Faszinierende Lauerjäger 700
Mathematics and Finite Element Discretizations of Incompressible Navier—Stokes Flows 500
A new species of Coccus (Homoptera: Coccoidea) from Malawi 500
热门求助领域 (近24小时)
化学 医学 生物 材料科学 工程类 有机化学 生物化学 物理 内科学 纳米技术 计算机科学 化学工程 复合材料 基因 遗传学 催化作用 物理化学 免疫学 量子力学 细胞生物学
热门帖子
关注 科研通微信公众号,转发送积分 3182733
求助须知:如何正确求助?哪些是违规求助? 2832981
关于积分的说明 7991795
捐赠科研通 2495103
什么是DOI,文献DOI怎么找? 1331239
科研通“疑难数据库(出版商)”最低求助积分说明 636256
邀请新用户注册赠送积分活动 603313