| Title |
Green insurance subsidy for promoting clean production innovation |
| ID_Doc |
35243 |
| Authors |
Wang, C; Nie, PY; Peng, DH; Li, ZH |
| Title |
Green insurance subsidy for promoting clean production innovation |
| Year |
2017 |
| Published |
|
| DOI |
10.1016/j.jclepro.2017.01.145 |
| Abstract |
Green insurance is introduced to advance green development in recent years, and this article addresses the effects of insurance subsidy. With game theory model, some useful results are achieved. First, uncertainty deters firms' innovation, while both mature technology and high production efficiency stimulate firms' innovation. Second, interestingly, green insurance cannot improve innovation and expect profits of firms. But green insurance reduces risk. Finally, both green insurance subsidy and governmental subsidy promotes firms' innovation but green insurance subsidy owns lower risk than direct subsidy to innovate. (C) 2017 Elsevier Ltd. All rights reserved. |
| Author Keywords |
Environmental planning; Equilibrium; Green insurance; Subsidy; Clean innovation; JEL; D8 |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Science Citation Index Expanded (SCI-EXPANDED); Social Science Citation Index (SSCI) |
| EID |
WOS:000398425700012 |
| WoS Category |
Green & Sustainable Science & Technology; Engineering, Environmental; Environmental Sciences |
| Research Area |
Science & Technology - Other Topics; Engineering; Environmental Sciences & Ecology |
| PDF |
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