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.

中文翻译：

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下游公司决定进行节能研发


尽管节能对公司来说非常重要，但研发文献很少讨论这个问题。本文提供了一个垂直相关的模型，以分析进行节能研发如何影响上游企业的定价决策和下游企业的节能和产出决策。我们表明，能源价格的上涨可能会诱使下游公司购买更多的能源，但效率较低的研发可能不会诱使下游公司购买更多的能源。此外，在上游垄断的情况下，更高效的研发可能不会提高能源价格。最后，当上游市场竞争加剧时，社会福利可能不会改善。