A Dynamic Game of Strategic Carbon Taxation and Energy Pricing with Green Technology Innovation

IF 1.8 4区 数学 Q2 MATHEMATICS, INTERDISCIPLINARY APPLICATIONS Dynamic Games and Applications Pub Date : 2023-11-02 DOI:10.1007/s13235-023-00541-8
Xiao-Bing Zhang
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Abstract

Abstract This paper uses a dynamic game to investigate the strategic interactions between carbon taxation by a coalition of resource consumers and (wellhead) energy pricing by a producers’ cartel under the possibility of innovation in a cheap carbon-free technology. The timing of innovation is uncertain, but can be affected by the amount spent on R &D. The results show that the expectation of possible innovation decreases both the initial carbon tax and producer price, resulting in higher initial resource extraction and carbon emissions. Though this ’green paradox’ effect triggered by possible innovation also will appear in the cooperative case (without strategic interactions), the presence of strategic interactions between resource producers and consumers can somewhat restrain such an effect. For both the resource consumers and a global planner, the optimal R &D to stimulate innovation is an increasing function of the initial CO2 concentration. However, the resource consumers can over-invest in R &D relative to the investment level that a global planner would choose.
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绿色技术创新下战略性碳税与能源定价的动态博弈
摘要本文采用动态博弈的方法研究了在廉价无碳技术创新可能性下,资源消费者联盟的碳税与生产者联盟的(井口)能源定价之间的战略相互作用。创新的时机是不确定的,但会受到研发支出的影响。结果表明,对创新可能性的预期降低了初始碳税和生产者价格,导致初始资源开采量和碳排放量增加。虽然这种由可能的创新引发的“绿色悖论”效应也会出现在合作的情况下(没有战略互动),但资源生产者和消费者之间的战略互动可以在一定程度上抑制这种效应。对于资源消费者和全局规划者来说,刺激创新的最优研发是初始二氧化碳浓度的递增函数。然而,相对于全球计划者所选择的投资水平,资源消费者在研发方面的投资可能会过度。
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来源期刊
Dynamic Games and Applications
Dynamic Games and Applications MATHEMATICS, INTERDISCIPLINARY APPLICATIONS-
CiteScore
3.20
自引率
13.30%
发文量
67
期刊介绍: Dynamic Games and Applications is devoted to the development of all classes of dynamic games, namely, differential games, discrete-time dynamic games, evolutionary games, repeated and stochastic games, and their applications in all fields
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