This paper introduces optimal competition: the best form of competition in an industry that a competition authority can … achieve under the information constraint that it cannot observe firms' effciency levels.We show that the optimal competition … outcome in an industry becomes more competitive as more money is spent in the industry, as the competition authority puts less …

We study the optimal capacity and lifetime of landfills taking into account their sequential nature.Such an optimal … capacity is characterized by the so-called Optimal Capacity Condition.Particular versions of this condition are obtained for … two alternative settings: first, if all the landfills are to have the same capacity, and second, if each of them is …

.There are no restrictions whatsoever on the processing schedule.The main feature of the model is a capacity restriction, i … each player have an individual capacity for handling jobs, each coalition of cooperating players in fact faces a processing … problem with the coalitional capacity being the sum of the individual capacities of the members.The corresponding processing …

Depreciation is not only a representation of the loss in asset-value over time.It is also a strategic tool for … management and can be used to minimize tax payments.In this paper we derive the depreciation scheme that minimizes the expected … value of the present value of future tax payments for two types of constraints on the depreciation method. …

This paper focuses on the choice of a depreciation method, when trying to minimize the expected value of the present … tax brackets, we determine the optimal choice between the straight line depreciation method and a speci c accelerated … depreciation method. We show how the distributions of the cash- ows, the discount rate, and the tax structure can in uence the …