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
wgg发布了新的文献求助10
刚刚
刚刚
1秒前
zjkzh发布了新的文献求助20
2秒前
Ashy发布了新的文献求助10
4秒前
bkagyin应助sinsole采纳,获得10
5秒前
FYm发布了新的文献求助10
5秒前
weizheng完成签到,获得积分0
6秒前
jonghuang发布了新的文献求助10
7秒前
7秒前
帅哥发布了新的文献求助10
9秒前
yuuuue完成签到 ,获得积分10
11秒前
情怀应助Katarina采纳,获得10
12秒前
wlp鹏发布了新的文献求助10
14秒前
小肥兔完成签到 ,获得积分10
14秒前
15秒前
16秒前
Yanki完成签到,获得积分10
16秒前
16秒前
wangyuan123发布了新的文献求助10
17秒前
小树发布了新的文献求助10
20秒前
吞金发布了新的文献求助10
21秒前
ppppp完成签到,获得积分10
22秒前
22秒前
可爱的函函应助满眼星辰采纳,获得10
23秒前
ksak607155完成签到,获得积分10
24秒前
24秒前
24秒前
西西弗完成签到 ,获得积分10
24秒前
不配.应助飘逸问晴采纳,获得20
25秒前
25秒前
26秒前
26秒前
27秒前
27秒前
27秒前
27秒前
27秒前
28秒前
PHW驳回了劲秉应助
28秒前
高分求助中
Spray / Wall-interaction Modelling by Dimensionless Data Analysis 2000
ALA生合成不全マウスでの糖代謝異常の分子機構解析 520
Mathematics and Finite Element Discretizations of Incompressible Navier—Stokes Flows 500
A new species of Coccus (Homoptera: Coccoidea) from Malawi 500
2-Acetyl-1-pyrroline: an important aroma component of cooked rice 500
A real-time energy management strategy based on fuzzy control and ECMS for PHEVs 400
Handbook on People's China (1957) 400
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 3189250
求助须知:如何正确求助?哪些是违规求助? 2838670
关于积分的说明 8020715
捐赠科研通 2501500
什么是DOI,文献DOI怎么找? 1335618
科研通“疑难数据库(出版商)”最低求助积分说明 637678
邀请新用户注册赠送积分活动 605706