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We study optimal pollution abatement under a mixed oligopoly game when firms engage in emissions-reducing R&D that is … imperfectly appropriable. The regulator uses a tax to curb emissions. Results show that in a mixed oligopoly, the public firm has … private duopolies, privatization leads to reductions in R&D and output, but to an increase in overall emissions, so …
Persistent link: https://www.econbiz.de/10011800081
We analyze a repeated game in which countries are polluting as well as investing in technologies. While folk theorems point out that the first best can be sustained as a subgame-perfect equilibrium when the players are sufficiently patient, we derive the second best equilibrium when they are...
Persistent link: https://www.econbiz.de/10011350155
. -- offshoring : import competition ; wage bargaining ; oligopoly ; redistribution …
Persistent link: https://www.econbiz.de/10003966443
firms compete in an international Cournot oligopoly, and in which countries use strategic trade policy. We find that firms …
Persistent link: https://www.econbiz.de/10011506470
. We apply our model to endogenous merger formation in an international oligopoly, and show that the equilibrium market …
Persistent link: https://www.econbiz.de/10011409994
We study how incentives for North-South technology transfers in multinational enterprises are affected by labour market institutions. If workers are collectively organised, incentives for technology transfers are partly governed by firms' desire to curb trade union power. This will affect not...
Persistent link: https://www.econbiz.de/10008797801
This paper considers the effect of acquisition FDI on the knowledge production function. We distinguish between acquisitions by MNEs from technologically leading countries and those behind the technological frontier. We show that both acquire similarly R&D intensive domestic firms, but there are...
Persistent link: https://www.econbiz.de/10009503803
Intellectual Property Rights (IPR) protect firms from imitation and are considered crucial to promote innovation and technological diffusion. This paper examines the impact of IPR on import sourcing decisions of multinationals. We consider a framework in which firms offshore production of an...
Persistent link: https://www.econbiz.de/10011761570
Persistent link: https://www.econbiz.de/10003620172
This paper analyzes the macroeconomic impact of corporate taxation. The analysis is conducted in a quantitative two-country model. In the first step, the paper describes the long-run effects of corporate taxation. A reduction in the corporate-income tax rate increases GDP, wages, consumption,...
Persistent link: https://www.econbiz.de/10013368610