| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP1052
|
| DP1052 Endogenous Growth and Poverty Traps in a Cournotian Model |
| Jordi Gali; Fabrizio Zilibotti
|
| 发表日期 | 1994-11-30
|
| 出版年 | 1994
|
| 语种 | 英语
|
| 摘要 | In this paper I analyse the incentives for governments and producers to act strategically in imperfectly competitive markets when there is Bertrand competition. Strategic behaviour by governments takes the form of distortions to their environmental policy from the first-best rule of equating marginal damage and marginal abatement costs. Strategic behaviour by producers implies inefficient investment in R&D. I contrast the outcomes with Bertrand competition with those in Cournot competition, which I analysed in an earlier paper (Ulph (1993a)). The main findings are: when only governments act strategically, they will set too tough environmental policy and the distortion will be greater if governments use emission standards rather than emission taxes; both results are the opposite of what happened in Cournot competition. When only producers act strategically, they under-invest in R&D (in Cournot they over-invest), but it is not possible to give a universal ranking of policy instruments. When governments and producers act strategically, this reduces the extent of government distortion of environmental policy, which is the same result as with Cournot, but for very different reasons; when governments use emission taxes then with Bertrand competition they set taxes below the first-best level, the reverse of what happens when only governments act strategically. |
| 主题 | International Trade and Regional Economics
|
| 关键词 | Environmental policy
Imperfect competition
International trade
Market conduct
Strategic behaviour
|
| URL | https://cepr.org/publications/dp1052
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| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530195
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推荐引用方式
GB/T 7714 |
Jordi Gali,Fabrizio Zilibotti. DP1052 Endogenous Growth and Poverty Traps in a Cournotian Model. 1994.
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