The downstream firm's decision over R&D for energy-saving

IF 13.6 2区经济学 Q1 ECONOMICS

Energy Economics Pub Date : 2024-10-21 DOI:10.1016/j.eneco.2024.107990

Chia-Chi Wang , Ying-Da Wang , Jiunn-Rong Chiou

引用次数: 0

Abstract

Although energy saving for a firm is very important, the R&D literature has rarely discussed this issue. This paper provides a vertically-related model to analyze how conducting energy-saving R&D affects the upstream firm's pricing decision and downstream firm's energy-saving and output decisions. We show that an increase in energy price may induce the downstream firm to purchase more energy, but less efficient R&D may not induce the downstream firm to purchase more energy. Moreover, more efficient R&D may not increase the energy price under the upstream monopoly case. Finally, social welfare may not improve when the upstream market becomes more competitive.

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下游企业的节能研发决策

虽然节能对企业非常重要，但研发文献却很少讨论这一问题。本文提供了一个纵向相关模型，分析开展节能研发如何影响上游企业的定价决策以及下游企业的节能和产出决策。我们的研究表明，能源价格的上涨可能会促使下游企业购买更多的能源，但效率较低的研发活动可能不会促使下游企业购买更多的能源。此外，在上游垄断的情况下，更有效的 R&D 可能不会提高能源价格。最后，当上游市场竞争更加激烈时，社会福利可能不会提高。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Energy Economics ECONOMICS-

CiteScore

18.60

自引率

12.50%

发文量

524

期刊介绍： Energy Economics is a field journal that focuses on energy economics and energy finance. It covers various themes including the exploitation, conversion, and use of energy, markets for energy commodities and derivatives, regulation and taxation, forecasting, environment and climate, international trade, development, and monetary policy. The journal welcomes contributions that utilize diverse methods such as experiments, surveys, econometrics, decomposition, simulation models, equilibrium models, optimization models, and analytical models. It publishes a combination of papers employing different methods to explore a wide range of topics. The journal's replication policy encourages the submission of replication studies, wherein researchers reproduce and extend the key results of original studies while explaining any differences. Energy Economics is indexed and abstracted in several databases including Environmental Abstracts, Fuel and Energy Abstracts, Social Sciences Citation Index, GEOBASE, Social & Behavioral Sciences, Journal of Economic Literature, INSPEC, and more.