examines the equilibrium investment on the pollution abatement when firms are facing Cournot competition in the output market … while the pollution permit market is perfectly competitive. Unlike standard perfect competition scenario, the abatement …

English Abstract: This paper analyzes a mechanism through which product market competition affects allocation of the … activities: cost reduction (productive effort) and rent protection (unproductive effort). An increase in competition, measured by …. This paper identifies the conditions under which product market competition lowers the cost of providing incentives for …

years. This move is largely in response to fierce competition between domestic banks. There is, however, a growing concern …

effective welfare-enhancing, competition-generating policy for the situation. Motivated by the finding, this paper proposes a …

. This is because allocation of the resources has effects on competition of the firms in the aftermarket, and thus a firm … that utilizes the resources less efficiently may make a higher bid to lessen competition.This paper shows first that … product. After the auction ends, the firms engage in Bertrand competition on the Hotelling line. Inefficient allocation may …