Pollution-Controlling Innovation in Oligopolistic Industries: Some Comparisons between Patent Races and Research Joint Ventures

• Published in: Journal of environmental economics and management Vol. 29; no. 3; pp. 339 - 356
• Main Author: Hackett, Steven C.
• Format: Journal Article
• Language: English
• Published: New York Elsevier Inc 01.11.1995; Elsevier; Academic Press; Elsevier Science Publishing Company, Inc
• Series: Journal of Environmental Economics and Management
• Subjects: Economics; Environmental economics; Federal court decisions; Incentives; Innovation; Innovations; Joint ventures; Oligopoly; Pollution; Pollution control; R&D; Research & development; Research and development; United States > US

Much of the literature on pollution-control innovation has focused on normative comparisons of exogenous regulatory policies in light of the incentives they induce on firms′ R&D efforts. In contrast, in the positive analysis below, both R&D incentives and regulatory policy arise endogenously...