Chapter

The Effects of Environmental Policy on the Performance of Environmental Research Joint Ventures

Yannis Katsoulacos, Alistair Ulph and David Ulph

in Behavioral and Distributional Effects of Environmental Policy

Published by University of Chicago Press

Published in print December 2000 | ISBN: 9780226094816
Published online February 2013 | e-ISBN: 9780226094809 | DOI: http://dx.doi.org/10.7208/chicago/9780226094809.003.0011
The Effects of Environmental Policy on the Performance of Environmental Research Joint Ventures

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Numerous studies have investigated the effects of environmental policy on the incentives for firms to undertake research and development (R&D) that will lead to the development of new environmentally friendly products and/or processes. This is referred to this as environmental R&D. The starting point of this literature is the recognition that market forces will produce very weak incentives for firms to undertake environmental R&D, and so government incentives are required to correct this market failure. This chapter looks at how environmental policy affects environmental innovation if this innovation is undertaken cooperatively through the formation of environmental research joint ventures.

Keywords: environmental policy; research and development; joint ventures; incentives; market forces; environmental innovation

Chapter.  15549 words. 

Subjects: Economic Development and Growth

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