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The Impacts of Regulations and Financial Development on the Operations of Supply Chains with Greenhouse Gas Emissions

机译:法规和金融发展对温室气体排放供应链运作的影响

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摘要

To establish a micro foundation to understand the impacts of greenhouse gas (GHG) emission regulations and financial development levels on firms’ GHG emissions, we build a two-stage dynamic game model to incorporate GHG emission regulations (in terms of an emission tax) and financial development (represented by the corresponding financing cost) into a two-echelon supply chain. With the subgame perfect equilibrium, we identify the conditions to determine whether an emission regulatory policy and/or financial development can affect GHG emissions in the supply chain. We also reveal the impacts of the strictness of GHG emission regulation, the financial development level, and the unit GHG emission rate on the operations of the supply chain and the corresponding profitability implications. Managerial insights are also discussed.
机译:为了建立一个微观基础,以了解温室气体(GHG)排放法规和金融发展水平对企业温室气体排放的影响,我们建立了一个两阶段的动态博弈模型,以纳入温室气体排放法规(就排放税而言)和将财务发展(由相应的融资成本表示)转变为两级供应链。通过子博弈的完美平衡,我们确定了条件,以确定排放监管政策和/或财务发展是否会影响供应链中的温室气体排放。我们还揭示了严格的温室气体排放法规,财务发展水平和单位温室气体排放率对供应链运作的影响以及相应的获利能力。还讨论了管理见解。

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