@article{Lambertini:207397,
      recid = {207397},
      author = {Lambertini, Luca and Poyago-Theotoky, Joanna and Tampieri,  Alessandro},
      title = {Cournot Competition and "Green" Innovation: An Inverted-U  Relationship},
      address = {2015-08-05},
      number = {824-2016-54937},
      series = {CCSD},
      pages = {24},
      month = {Aug},
      year = {2015},
      abstract = {We examine the relationship between competition and  innovation in an industry where production is polluting and  R&D aims to reduce emissions ("green" innovation). We  present an n-firm oligopoly where firms compete in  quantities and decide their investment in "green" R&D. When  environmental taxation is exogenous, aggregate R&D  investment always increases with the number of firms in the  industry. Next we analyse the case where the emission tax  is set endogenously by a regulator (committed or  time-consistent) with the aim to maximise social welfare.  We show that an inverted-U relationship exists between  aggregate R&D and industry size under reasonable  conditions, and is driven by the presence of R&D  spillovers.},
      url = {http://ageconsearch.umn.edu/record/207397},
      doi = {https://doi.org/10.22004/ag.econ.207397},
}