The paper considers an oligopolistic industry in which pollution is a by-product of production. Firms are assumed to have emission permits that restrict the amount that they pollute. These permits are assumed to be tradeable and the paper discusses a structure in which the same set of firms...

This paper discusses environmental policy instruments in a differential-game model of international trade with oligopolistic competition. Strategic interactions occur if firms use feedback strategies and therefore react on decisions of their competitor. Eventually this harms firm profits,...

In the seventies and eighties, the theory of exhaustible natural resources developed a branch, which was called the cartel-versus-fringe model, to characterize markets with one large coherent cartel and a big number of small suppliers named the fringe.It was considered appropriate to use the von...