We use a Stackelberg differential game to model trade in renewable resources between a monopsonistic buyer and a monopolistic seller. The buyer uses unit and ad valorem tariffs to indirectly encourage conservation of the resource under study. First, we show that the efficacy of these tariffs in...

We use a Stackelberg differential game to model trade in renewable resources between a monopsonistic buyer and a monopolistic seller. The buyer uses unit and ad valorem tariffs to indirectly encourage conservation of the resource under study. First, we show that the efficacy of these tariffs in...

We analyze a dynamic Bertrand game model of trade between Foreign and Home in which the Foreign firm's export good is shipped to Home in containers carried by ships. This shipment to Home may also result in the unwitting introduction of alien species from Foreign into Home. By undertaking...

We analyze a dynamic Bertrand game model of trade between Foreign and Home in which the Foreign firm's export good is shipped to Home in containers carried by ships. This shipment to Home may also result in the unwitting introduction of alien species from Foreign into Home. By undertaking...

The concept of factor intensity has played a key role in the development of international trade theory. The factor proportions utilized in the production of commodities differ from activity to activity. Some commodities employ a higher ratio of capital to labor than do others, and the basic...