This paper studies firms' incentives to invest in environmental R&D under different market structures (Cournot and Bertrand) and environmental policy instruments (emission standards, taxes, tradable permits and auctioned permits). Because of market strategic effects, R&D incentives vary widely...

Driven by global competition, American manufacturing is undergoing a fundamental transformation from mass production to flexible or lean production. Mass production is premised on the stable, high-volume manufacture of identical goods. Flexible production engages all workers in a system-wide...

We introduce pollution, as a by-product of production, into a non-tournament model of R&D with spillovers. Technology policy takes the form of either R&D subsidisation or pre-competitive R&D cooperation. We show that, when the emissions tax is exogenous, the optimal R&D subsidy can be negative,...

Although a successor to the 1997 Kyoto Protocol has not materialised yet, the 2009 Copenhagen meeting underlined the importance of China in international debates on climate and energy. This is not only based on China’s current climate emissions, but also on its expected energy use and economic...

This study examines the political strategy businesses may take in response to a pending environmental legislation and the determinants of such strategy through a sample of 33 firms and organisations affected by the introduction of New Zealand Emission Trading scheme. The findings suggest that...

This paper provides an empirical evaluation of the temporal efficiency of the U.S. Acid Rain Program, which implemented a nationwide market for trading and banking sulfur dioxide (SO2) emission allowances. We first develop a model of efficient banking and select appropriate parameter values....

Italian Abstract: Dal punto di vista storico, le sovvenzioni statali vennero introdotte e diventarono prassi comune durante i Secoli XVI e XVII, in concomitanza con l'affermarsi delle teorie mercantiliste, anche se tendenze analoghe si erano già presentate in epoche precedenti. Nel corso di...

This contribution illustrates some unresolved issues and tensions that characterize the way the WTO deals with renewable energy subsidies. Indeed, the indisputable urgency to address the negative impacts of climate change on the one hand, and the use of subsidies to boost and support a...

Renewable energy subsidies are crucial for combatting climate change, and yet the world’s international legal infrastructure is not designed to accommodate such subsidies. The world needs a renewable energy sector to develop and implement the technologies necessary to reduce carbon and...

Energy is pivotal for socio-economic and cultural development. Last century witnessed a drastic increase, on one hand on the consumption of energy and, on the other on greenhouse gases emissions. Traditionally, energy security has been linked with the need to guarantee supply and, in turn,...