Voluntary Green Commitment and Optimal Privatization Policy in a Mixed Eco-Industry

Abstract: This study investigates the impact of target emissions from polluting firms on the production of green technology and the optimal policy decisions of privatization on the eco-industry under their voluntary commitments. For this, we formulate a vertical structure consisting of a downstream polluting industry and an upstream mixed eco-industry where private and public eco-firms produce emission abatement goods. The results show a U-shaped non-monotone relationship between environmental damage and the optimal degree of privatization, that is, welfare-maximizing public ownership is full nationalization or full or partial privatization, depending on the environmental damage. It supports that the government should have large ownership of partially privatized eco-firms for environmental protection, especially when environmental damage is serious.

Object Details

• Location: Deutsche Nationalbibliothek Frankfurt am Main
• Extent: Online-Ressource
• Language: Englisch

References and Relationships

• Bibliographic citation: Voluntary Green Commitment and Optimal Privatization Policy in a Mixed Eco-Industry ; volume:13 ; number:2 ; year:2022 ; pages:149-171 ; extent:23 ; Asian journal of law and economics ; 13, Heft 2 (2022), 149-171 (gesamt 23)

Contributors, Places and Time

• Creator: Park, Chul-Hi ; Lee, Sang-Ho ; Nakamura, Tamotsu

Further information

• DOI: 10.1515/ajle-2022-0044
• URN: urn:nbn:de:101:1-2022092214053100343514
• Rights: Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
• Last update: 15.08.2025, 7:28 AM CEST