This paper examines the single and the joint influence of environmental policy stringency and oil prices on green innovation, admitting the possibility of different magnitudes of the response of innovation depending upon whether oil prices are increasing or decreasing, and accounting for...

Developing green products is emerging as a strategy for reaching environmentally conscious consumers and capture a (green) price premium. Yet, without government intervention, many firms are hesitant to conduct low-carbon innovation. This paper applies a game theory approach to analyze...