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perfection of the open-loop Nash solution. Moreover, we identify the admissible parameter region wherein price regulation …
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We extend the analysis carried out by Valletti (2000) by considering an environmental externality in a vertically differentiated duopoly where firms compete à la Cournot with fixed costs of quality improvement.We show that, if the weight of the external effect is high enough, the resulting...
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We revisit Maxwell's (1998) analysis to show that MQS regulation has no effects on the high-quality firm's incentive to …
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