研討日期	2023年11月13日12:10~ 13:50
研討地點	國立臺灣大學社會科學院710會議室
主講題目 Title of the paper	Production agreements, sustainability investments, and consumer welfare
作者 Authors of the paper	Maarten Pieter Schinkel, Yossi Spiegel, Leonard Treuren c
文獻出處 Journal, vol.(issue), pp	Economics Letters https://doi.org/10.1016/j.econlet.2022.110564
主講人	Bui Dang-Long 博士
參加人員	黃鴻、王光正、林燕淑、許至乙、施姵全、彭正浩、王羿傑、周冰瑤、Suttiwan Suwannajoi、Ayu Sasni Munte、Chisomo Mkwandah、葉定豊、Artah、楊雅棠
	Schinkel and Spiegel (2017) finds that allowing sustainability agreements in which firms coordinate their investments in sustainability leads to lower investments and lower output. By contrast, allowing production agreements, in which firms coordinate output yet continue to compete on investments, boosts investments in sustainability and may also benefit consumers. We extend these results to the case where investments affect not only the consumers’ willingness to pay, but also marginal cost. We show that sustainability agreements continue to lower investments and output levels, while production agreements increase investments but when they benefit consumers, they are not profitable for firms and will therefore not be formed. This implies that exempting horizontal agreements from the cartel prohibition cannot be relied on to advance sustainability goals and satisfy the competition law requirement that consumers must not be worse off.