-perfect duopoly dynamics with ongoing demand uncertainty. All entrants serving the model industry incur sunk costs, and exit avoids … two firms reduces the probability of having a duopoly but increases the probability that some firm will serve the industry …

, formulated in terms of maximization of utility ingeneral, or profits in particular. The standard theory of environmental policy … behavioural assumptions have been most significant for the development ofeconomic valuation theory and environmental policy theory …. The focus here will be onenvironmental policy theory. …

a stronger impact from market-based incentives than from non-market alternatives. The general picture emerging from the … carefully for rent opportunities, which in turn depend on the specific incentives signalled by the type of (environmental …