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来源类型Working Paper
规范类型报告
DOI10.3386/w26921
来源IDWorking Paper 26921
Environmental Preferences and Technological Choices: Is Market Competition Clean or Dirty?
Philippe Aghion; Roland Bénabou; Ralf Martin; Alexandra Roulet
发表日期2020-04-06
出版年2020
语种英语
摘要This paper investigates the joint effect of consumers' environmental concerns and product-market competition on firms' decisions whether to innovate “clean” or “dirty”. We first develop a step-by-step innovation model to capture the basic intuition that socially responsible consumers induce firms to escape competition by pursuing greener innovations. To test and quantify the theory, we bring together patent data, survey data on environmental values, and competition measures. Using a panel of 8,562 firms from the automobile sector that patented in 42 countries between 1998 and 2012, we indeed find that greater exposure to environmental attitudes has a significant positive effect on the probability for a firm to innovate in the clean direction, and all the more so the higher the degree of product market competition. Results suggest that the combination of historically realistic increases in prosocial attitudes and product market competition can have the same effect on green innovation as major increase in fuel prices.
主题Microeconomics ; Households and Firms ; Welfare and Collective Choice ; Public Economics ; Taxation ; Development and Growth ; Innovation and R& ; D
URLhttps://www.nber.org/papers/w26921
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/584594
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Philippe Aghion,Roland Bénabou,Ralf Martin,et al. Environmental Preferences and Technological Choices: Is Market Competition Clean or Dirty?. 2020.
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