devised to overcome difficulties in acquiring and maintaining monopoly power and the legal implications of these strategies …

This paper studies macroeconomic consequences of oil price shocks caused by innovations in the monopoly power in the … oil market. Monopoly power is interpreted as oil producers' ability to charge a markup over marginal costs. We propose a …' monopoly power rises. A general equilibrium model suggests that higher monopoly profits attract investments in oil producing …

emissions if and only if they lower the marginal product of dirty energy. The constrained-efficient subsidy equals the marginal … this more optimistic scenario, a clean subsidy generates significantly higher emissions and lower welfare than a tax on …

emissions if and only if they lower the marginal product of dirty energy. The constrained-efficient subsidy equals the marginal … this more optimistic scenario, a clean subsidy generates significantly higher emissions and lower welfare than a tax on …