This manuscript analyzes the effect of binary ecolabeling on the strategic competition of Cournot duopolists in environmental technology and the output market. Under binary labeling, firms' abatement technologies are not directly observable by consumers but are certified if they satisfy preset...

In this paper, we develop a model of strategic delegation in which shareholders maintain an objective of market value maximization (MVM) of the firm's assets as measured by a capital asset pricing model (CAPM). Optimal delegation requires that managers maximize a linear combination of expected...

Within the context of liberalisation experienced by the Malian economy sincethe beginning of the 1990s, spatial integration of cereal markets has beenconsidered as a major tool as to avoid localised shortages due to productionshortfalls. However, market dynamic reveals since then new patterns:...