on costs of oil dependence. -- Dynamic Bilateral Monopoly ; Markov-Perfect Equilibrium ; Depletable Resources ; Energy …

, abatement effort made by the monopoly and social welfare comparing two alternative policy games. The first game assumes that the …

infrastructure quality. Analyzing a model with reduced-form demand, we first show that deregulating an integrated monopoly cannot … retail price and infrastructure quality relative to the integrated monopoly outcome increases welfare. Third, we argue that …