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The use of tradable emission rights as environmental policy instruments may affect the conditions for strategic interaction between regulated firms and thus have implications for competition policy. This paper presents an analysis of how, and under what conditions, emission rights can be used...
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In this paper, we analyze environmental regulation based on tradable emission permits in the presence of strategic interaction in an output market with differentiated products. We characterize firms' equilibrium behavior in the permits and in the output market and we show that both firms adopt...
Persistent link: https://www.econbiz.de/10011011320
Auctions used to allocate multiple units of a homogeneous good account for a large number of transactions in market … a homogenous good. Import quota auctions in Norway represents one notable example of a practical application of this … units of a homogenous good. After some theoretical perspectives on multi-unit ascending auctions, the paper presents some …
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We consider a Rothschild-Stiglitz-Spence labour market screening model and employ a centralised mechanism to coordinate the efficient matching of workers to firms. This mechanism can be thought of as operated by a recruitment agency, an employment office or head hunter. In a centralised...
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standard oligopoly; above the higher threshold there is a unique equilibrium in which all firms disregard that impact as in …
Persistent link: https://www.econbiz.de/10011715927
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