Emission taxation, green R&D, and managerial delegation contracts with environmental and sales incentives

被引：16

作者：

Park, Chul-Hi ^{[1
]}

Lee, Sang-Ho ^{[2
,3
]}

机构：

[1] Chonnam Natl Univ, Ctr Reg Dev, Gwangju, South Korea

[2] Chonnam Natl Univ, Grad Sch Econ, Gwangju, South Korea

[3] Chonnam Natl Univ, Grad Sch Econ, 77 Yongbong Ro, Gwangju 500757, South Korea

来源：

MANAGERIAL AND DECISION ECONOMICS | 2023年 / 44卷 / 04期

基金：

新加坡国家研究基金会;

关键词：

D O I：

10.1002/mde.3822

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We extend the analysis of a managerial delegation model with green R&D by incorporating two explicit incentive-based executive compensation contracts. In the combination of environmental and sales delegations, (i) the incentives are higher than those under a single incentive scheme, (ii) firms' output and abatement efforts are higher, and (iii) total emissions are lower, and (iv) a firm's profits are higher than that under a sales delegation. Therefore, an emission tax policy, along with firms' compensation packages related to environmental delegation, can play a key role in curving market failure and improving welfare.

引用

页码：2366 / 2377

页数：12

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