Low-carbon regulation and market competition present new opportunities and challenges for supply chain firms,emphasizing the significance of carbon reduction and channel encroachment in enhancing competitiveness.This ...Low-carbon regulation and market competition present new opportunities and challenges for supply chain firms,emphasizing the significance of carbon reduction and channel encroachment in enhancing competitiveness.This study formulates various game models to evaluate manufacturers’encroachment strategies(with or without encroachment)under different conditions of low-carbon investment by retailers.It investigates the operational decisions and carbon abatement strategies of firms under various scenarios.The findings reveal that encroachment elevates unit abatement levels but decreases wholesale prices and retailer profits when unit encroachment costs are below certain thresholds.In contrast,the manufacturer consistently benefits from channel encroachment.Retailer-initiated low-carbon investments can motivate manufacturers to reduce emissions.A lower carbon price potentially offers financial advantages to retailer engaging in such investments.Additionally,the likelihood of reduced environmental damage postchannel encroachment,compared to preprofessional encroachment,increases when the retailer invests in low-carbon initiatives.The retailer’s profit is inversely related to the carbon price,and a higher carbon price can strengthen the incentive effect of low-carbon investment on the manufacturer’s abatement endeavors.展开更多
In this paper, we examine the effects of foreign productivity shocks on monetary policy in a symmetric open economy. Our two-country model incorporates the New Keynesian features of price stickiness and monopolistic c...In this paper, we examine the effects of foreign productivity shocks on monetary policy in a symmetric open economy. Our two-country model incorporates the New Keynesian features of price stickiness and monopolistic competition based on the cost channel of Ravenna and Walsh （2006）. In particular, in response to asymmetric productivity shocks, firms in one country achieve a more efficient level of production than those in another economy. Because the terms of trade are directly affected by changes in both economies＇ output levels, international trade creates a transmission channel for inflation dynamics in which a deflationary spiral in foreign producer prices reduces domestic output. When there is a decline in economic activity, the monetary authority should react to this adverse situation by lowering the key interest rate. The impulse response function from the model shows that a productivity shock can cause a real depreciation of the exchange rate when economies are closely integrated through international trade.展开更多
基金supported by the National Natural Science Foundation of China(Grant Nos.71871153 and 72371179)the sponsorship of the Tang Scholar of Soochow University.
文摘Low-carbon regulation and market competition present new opportunities and challenges for supply chain firms,emphasizing the significance of carbon reduction and channel encroachment in enhancing competitiveness.This study formulates various game models to evaluate manufacturers’encroachment strategies(with or without encroachment)under different conditions of low-carbon investment by retailers.It investigates the operational decisions and carbon abatement strategies of firms under various scenarios.The findings reveal that encroachment elevates unit abatement levels but decreases wholesale prices and retailer profits when unit encroachment costs are below certain thresholds.In contrast,the manufacturer consistently benefits from channel encroachment.Retailer-initiated low-carbon investments can motivate manufacturers to reduce emissions.A lower carbon price potentially offers financial advantages to retailer engaging in such investments.Additionally,the likelihood of reduced environmental damage postchannel encroachment,compared to preprofessional encroachment,increases when the retailer invests in low-carbon initiatives.The retailer’s profit is inversely related to the carbon price,and a higher carbon price can strengthen the incentive effect of low-carbon investment on the manufacturer’s abatement endeavors.
文摘In this paper, we examine the effects of foreign productivity shocks on monetary policy in a symmetric open economy. Our two-country model incorporates the New Keynesian features of price stickiness and monopolistic competition based on the cost channel of Ravenna and Walsh （2006）. In particular, in response to asymmetric productivity shocks, firms in one country achieve a more efficient level of production than those in another economy. Because the terms of trade are directly affected by changes in both economies＇ output levels, international trade creates a transmission channel for inflation dynamics in which a deflationary spiral in foreign producer prices reduces domestic output. When there is a decline in economic activity, the monetary authority should react to this adverse situation by lowering the key interest rate. The impulse response function from the model shows that a productivity shock can cause a real depreciation of the exchange rate when economies are closely integrated through international trade.
