Price Subsidies Versus R&D Subsidies for Energy-Efficient Products

摘要：

　　In a duopoly with the firms supplying a product of differing energy efficiency,we analyze the effect of consumer price subsidies and compare it with that of direct R&D subsidies.We note that price subsidies and direct R&D subsidies of equal rates provide identical incentives for R&D investment.If the efficiency differential of the two products is large,to maximize social welfare,the government should subsidize both products or neither products under the two forms of subsidy.When the social cost of public funds is taken into account,subsidizing R&D directly results in a higher level of social welfare than subsidizing consumption.

作者: SHIGUO MA

作者单位: School of Business,East China University of Science and Technology,130 Meilong Road,Shanghai 200237,China

会议类型: 国际会议

会议名称: 2014 International Conference on Management and Engineering(CME 2014)(2014管理与工程国际会议)

会议地点: 上海

会议语种:英文

页码: 1-8

在线出版日期: 2014-05-24（万方平台首次上网日期，不代表论文的发表时间）