4.11产业经济学系列讲座第115期
Emissions Tax, Clean Technology Cooperation, and Tacit Collusion: Experimental Evidence
Speaker: Soo Keong Yong, Xi'an Jiaotong-Liverpool University
Time: 13:30-15:00, April 11th (Friday)
Venue: Siyuan Building, Room 326
MC：Dr. Binglin Gong
Abstract: This paper uses laboratory experiment to examine the impact of symmetries in R&D spillovers on clean technology research and production under a time consistent emissions tax. The setup is a Cournot duopoly market where firms invest in clean technology to reduce their cost of emissions tax. We find that when firms benefit from symmetric R&D spillovers, nonbinding chat communication is sufficient to induce research cooperation, compared to asymmetries in R&D spillovers. More research cooperation facilitates technological diffusion, lowers the emission tax, and raises the level of clean innovation. However, such cooperation resulted in tacit collusion in the product market that resulted in social welfare less than research noncooperation.
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