On the private and social incentives to adopt environmentally and socially responsible practices in a monopoly industry
This paper studies the incentives to adopt Environmental Corporate Social Responsibility (ECSR) in a multiproduct monopoly. In our framework, products are horizontally differentiated, production is polluting and a time-consistent government levies a tax on emissions. The ECSR monopolist may invest i...
Ausführliche Beschreibung
Autor*in: |
Lambertini, Luca [verfasserIn] Tampieri, Alessandro [verfasserIn] |
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Format: |
E-Artikel |
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Sprache: |
Englisch |
Erschienen: |
2023 |
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Schlagwörter: |
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Übergeordnetes Werk: |
Enthalten in: Journal of cleaner production - Amsterdam [u.a.] : Elsevier Science, 1993, 426 |
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Übergeordnetes Werk: |
volume:426 |
DOI / URN: |
10.1016/j.jclepro.2023.139036 |
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Katalog-ID: |
ELV065145828 |
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245 | 1 | 0 | |a On the private and social incentives to adopt environmentally and socially responsible practices in a monopoly industry |
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520 | |a This paper studies the incentives to adopt Environmental Corporate Social Responsibility (ECSR) in a multiproduct monopoly. In our framework, products are horizontally differentiated, production is polluting and a time-consistent government levies a tax on emissions. The ECSR monopolist may invest in R&D activities to reduce polluting emissions, while emission-reducing innovation may spillover from one product to the other. We show that the monopolist has no incentive to engage in ECSR, unless a regulatory measure is introduced. By contrast, a time consistent tax induces the adoption of a ECSR statute. Under admissible parameter conditions, profits are concave and single-peaked in the ECSR intensity. Finally, ECSR monotonically increases social welfare, by raising consumer surplus and curbing environmental damage. | ||
650 | 4 | |a Environmental CSR | |
650 | 4 | |a Multiproduct monopolist | |
650 | 4 | |a Time-consistent emission tax | |
650 | 4 | |a Emission abatement | |
650 | 4 | |a Horizontal differentiation | |
650 | 4 | |a R&D spillovers | |
700 | 1 | |a Tampieri, Alessandro |e verfasserin |4 aut | |
773 | 0 | 8 | |i Enthalten in |t Journal of cleaner production |d Amsterdam [u.a.] : Elsevier Science, 1993 |g 426 |h Online-Ressource |w (DE-627)324655878 |w (DE-600)2029338-0 |w (DE-576)252613988 |x 0959-6526 |7 nnns |
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2023 |
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43.35 85.35 |
publishDate |
2023 |
allfields |
10.1016/j.jclepro.2023.139036 doi (DE-627)ELV065145828 (ELSEVIER)S0959-6526(23)03194-3 DE-627 ger DE-627 rda eng 690 330 VZ 43.35 bkl 85.35 bkl Lambertini, Luca verfasserin (orcid)0000-0001-6353-4753 aut On the private and social incentives to adopt environmentally and socially responsible practices in a monopoly industry 2023 nicht spezifiziert zzz rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier This paper studies the incentives to adopt Environmental Corporate Social Responsibility (ECSR) in a multiproduct monopoly. In our framework, products are horizontally differentiated, production is polluting and a time-consistent government levies a tax on emissions. The ECSR monopolist may invest in R&D activities to reduce polluting emissions, while emission-reducing innovation may spillover from one product to the other. We show that the monopolist has no incentive to engage in ECSR, unless a regulatory measure is introduced. By contrast, a time consistent tax induces the adoption of a ECSR statute. Under admissible parameter conditions, profits are concave and single-peaked in the ECSR intensity. Finally, ECSR monotonically increases social welfare, by raising consumer surplus and curbing environmental damage. Environmental CSR Multiproduct monopolist Time-consistent emission tax Emission abatement Horizontal differentiation R&D spillovers Tampieri, Alessandro verfasserin aut Enthalten in Journal of cleaner production Amsterdam [u.a.] : Elsevier Science, 1993 426 Online-Ressource (DE-627)324655878 (DE-600)2029338-0 (DE-576)252613988 0959-6526 nnns volume:426 GBV_USEFLAG_U GBV_ELV SYSFLAG_U SSG-OPC-GGO GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_150 GBV_ILN_151 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2007 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2106 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2507 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4242 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 43.35 Umweltrichtlinien Umweltnormen VZ 85.35 Fertigung VZ AR 426 |
spelling |
10.1016/j.jclepro.2023.139036 doi (DE-627)ELV065145828 (ELSEVIER)S0959-6526(23)03194-3 DE-627 ger DE-627 rda eng 690 330 VZ 43.35 bkl 85.35 bkl Lambertini, Luca verfasserin (orcid)0000-0001-6353-4753 aut On the private and social incentives to adopt environmentally and socially responsible practices in a monopoly industry 2023 nicht spezifiziert zzz rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier This paper studies the incentives to adopt Environmental Corporate Social Responsibility (ECSR) in a multiproduct monopoly. In our framework, products are horizontally differentiated, production is polluting and a time-consistent government levies a tax on emissions. The ECSR monopolist may invest in R&D activities to reduce polluting emissions, while emission-reducing innovation may spillover from one product to the other. We show that the monopolist has no incentive to engage in ECSR, unless a regulatory measure is introduced. By contrast, a time consistent tax induces the adoption of a ECSR statute. Under admissible parameter conditions, profits are concave and single-peaked in the ECSR intensity. Finally, ECSR monotonically increases social welfare, by raising consumer surplus and curbing environmental damage. Environmental CSR Multiproduct monopolist Time-consistent emission tax Emission abatement Horizontal differentiation R&D spillovers Tampieri, Alessandro verfasserin aut Enthalten in Journal of cleaner production Amsterdam [u.a.] : Elsevier Science, 1993 426 Online-Ressource (DE-627)324655878 (DE-600)2029338-0 (DE-576)252613988 0959-6526 nnns volume:426 GBV_USEFLAG_U GBV_ELV SYSFLAG_U SSG-OPC-GGO GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_150 GBV_ILN_151 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2007 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2106 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2507 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4242 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 43.35 Umweltrichtlinien Umweltnormen VZ 85.35 Fertigung VZ AR 426 |
allfields_unstemmed |
10.1016/j.jclepro.2023.139036 doi (DE-627)ELV065145828 (ELSEVIER)S0959-6526(23)03194-3 DE-627 ger DE-627 rda eng 690 330 VZ 43.35 bkl 85.35 bkl Lambertini, Luca verfasserin (orcid)0000-0001-6353-4753 aut On the private and social incentives to adopt environmentally and socially responsible practices in a monopoly industry 2023 nicht spezifiziert zzz rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier This paper studies the incentives to adopt Environmental Corporate Social Responsibility (ECSR) in a multiproduct monopoly. In our framework, products are horizontally differentiated, production is polluting and a time-consistent government levies a tax on emissions. The ECSR monopolist may invest in R&D activities to reduce polluting emissions, while emission-reducing innovation may spillover from one product to the other. We show that the monopolist has no incentive to engage in ECSR, unless a regulatory measure is introduced. By contrast, a time consistent tax induces the adoption of a ECSR statute. Under admissible parameter conditions, profits are concave and single-peaked in the ECSR intensity. Finally, ECSR monotonically increases social welfare, by raising consumer surplus and curbing environmental damage. Environmental CSR Multiproduct monopolist Time-consistent emission tax Emission abatement Horizontal differentiation R&D spillovers Tampieri, Alessandro verfasserin aut Enthalten in Journal of cleaner production Amsterdam [u.a.] : Elsevier Science, 1993 426 Online-Ressource (DE-627)324655878 (DE-600)2029338-0 (DE-576)252613988 0959-6526 nnns volume:426 GBV_USEFLAG_U GBV_ELV SYSFLAG_U SSG-OPC-GGO GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_150 GBV_ILN_151 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2007 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2106 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2507 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4242 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 43.35 Umweltrichtlinien Umweltnormen VZ 85.35 Fertigung VZ AR 426 |
allfieldsGer |
10.1016/j.jclepro.2023.139036 doi (DE-627)ELV065145828 (ELSEVIER)S0959-6526(23)03194-3 DE-627 ger DE-627 rda eng 690 330 VZ 43.35 bkl 85.35 bkl Lambertini, Luca verfasserin (orcid)0000-0001-6353-4753 aut On the private and social incentives to adopt environmentally and socially responsible practices in a monopoly industry 2023 nicht spezifiziert zzz rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier This paper studies the incentives to adopt Environmental Corporate Social Responsibility (ECSR) in a multiproduct monopoly. In our framework, products are horizontally differentiated, production is polluting and a time-consistent government levies a tax on emissions. The ECSR monopolist may invest in R&D activities to reduce polluting emissions, while emission-reducing innovation may spillover from one product to the other. We show that the monopolist has no incentive to engage in ECSR, unless a regulatory measure is introduced. By contrast, a time consistent tax induces the adoption of a ECSR statute. Under admissible parameter conditions, profits are concave and single-peaked in the ECSR intensity. Finally, ECSR monotonically increases social welfare, by raising consumer surplus and curbing environmental damage. Environmental CSR Multiproduct monopolist Time-consistent emission tax Emission abatement Horizontal differentiation R&D spillovers Tampieri, Alessandro verfasserin aut Enthalten in Journal of cleaner production Amsterdam [u.a.] : Elsevier Science, 1993 426 Online-Ressource (DE-627)324655878 (DE-600)2029338-0 (DE-576)252613988 0959-6526 nnns volume:426 GBV_USEFLAG_U GBV_ELV SYSFLAG_U SSG-OPC-GGO GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_150 GBV_ILN_151 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2007 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2106 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2507 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4242 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 43.35 Umweltrichtlinien Umweltnormen VZ 85.35 Fertigung VZ AR 426 |
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10.1016/j.jclepro.2023.139036 doi (DE-627)ELV065145828 (ELSEVIER)S0959-6526(23)03194-3 DE-627 ger DE-627 rda eng 690 330 VZ 43.35 bkl 85.35 bkl Lambertini, Luca verfasserin (orcid)0000-0001-6353-4753 aut On the private and social incentives to adopt environmentally and socially responsible practices in a monopoly industry 2023 nicht spezifiziert zzz rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier This paper studies the incentives to adopt Environmental Corporate Social Responsibility (ECSR) in a multiproduct monopoly. In our framework, products are horizontally differentiated, production is polluting and a time-consistent government levies a tax on emissions. The ECSR monopolist may invest in R&D activities to reduce polluting emissions, while emission-reducing innovation may spillover from one product to the other. We show that the monopolist has no incentive to engage in ECSR, unless a regulatory measure is introduced. By contrast, a time consistent tax induces the adoption of a ECSR statute. Under admissible parameter conditions, profits are concave and single-peaked in the ECSR intensity. Finally, ECSR monotonically increases social welfare, by raising consumer surplus and curbing environmental damage. Environmental CSR Multiproduct monopolist Time-consistent emission tax Emission abatement Horizontal differentiation R&D spillovers Tampieri, Alessandro verfasserin aut Enthalten in Journal of cleaner production Amsterdam [u.a.] : Elsevier Science, 1993 426 Online-Ressource (DE-627)324655878 (DE-600)2029338-0 (DE-576)252613988 0959-6526 nnns volume:426 GBV_USEFLAG_U GBV_ELV SYSFLAG_U SSG-OPC-GGO GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_150 GBV_ILN_151 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2007 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2106 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2507 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4242 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 43.35 Umweltrichtlinien Umweltnormen VZ 85.35 Fertigung VZ AR 426 |
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title_full |
On the private and social incentives to adopt environmentally and socially responsible practices in a monopoly industry |
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Lambertini, Luca |
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Journal of cleaner production |
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Journal of cleaner production |
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600 - Technology 300 - Social sciences |
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2023 |
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Lambertini, Luca Tampieri, Alessandro |
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Lambertini, Luca |
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10.1016/j.jclepro.2023.139036 |
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title_sort |
on the private and social incentives to adopt environmentally and socially responsible practices in a monopoly industry |
title_auth |
On the private and social incentives to adopt environmentally and socially responsible practices in a monopoly industry |
abstract |
This paper studies the incentives to adopt Environmental Corporate Social Responsibility (ECSR) in a multiproduct monopoly. In our framework, products are horizontally differentiated, production is polluting and a time-consistent government levies a tax on emissions. The ECSR monopolist may invest in R&D activities to reduce polluting emissions, while emission-reducing innovation may spillover from one product to the other. We show that the monopolist has no incentive to engage in ECSR, unless a regulatory measure is introduced. By contrast, a time consistent tax induces the adoption of a ECSR statute. Under admissible parameter conditions, profits are concave and single-peaked in the ECSR intensity. Finally, ECSR monotonically increases social welfare, by raising consumer surplus and curbing environmental damage. |
abstractGer |
This paper studies the incentives to adopt Environmental Corporate Social Responsibility (ECSR) in a multiproduct monopoly. In our framework, products are horizontally differentiated, production is polluting and a time-consistent government levies a tax on emissions. The ECSR monopolist may invest in R&D activities to reduce polluting emissions, while emission-reducing innovation may spillover from one product to the other. We show that the monopolist has no incentive to engage in ECSR, unless a regulatory measure is introduced. By contrast, a time consistent tax induces the adoption of a ECSR statute. Under admissible parameter conditions, profits are concave and single-peaked in the ECSR intensity. Finally, ECSR monotonically increases social welfare, by raising consumer surplus and curbing environmental damage. |
abstract_unstemmed |
This paper studies the incentives to adopt Environmental Corporate Social Responsibility (ECSR) in a multiproduct monopoly. In our framework, products are horizontally differentiated, production is polluting and a time-consistent government levies a tax on emissions. The ECSR monopolist may invest in R&D activities to reduce polluting emissions, while emission-reducing innovation may spillover from one product to the other. We show that the monopolist has no incentive to engage in ECSR, unless a regulatory measure is introduced. By contrast, a time consistent tax induces the adoption of a ECSR statute. Under admissible parameter conditions, profits are concave and single-peaked in the ECSR intensity. Finally, ECSR monotonically increases social welfare, by raising consumer surplus and curbing environmental damage. |
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title_short |
On the private and social incentives to adopt environmentally and socially responsible practices in a monopoly industry |
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author2 |
Tampieri, Alessandro |
author2Str |
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doi_str |
10.1016/j.jclepro.2023.139036 |
up_date |
2024-07-06T21:59:50.884Z |
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