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The established view on oligopolistic competition with environmental externalities has it that, since firms neglect the external effect, their incentive to invest in R&D for pollution abatement is nil unless they are subject to some form of environmental taxation. We take a dynamic approach to...
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In this paper we verify the functioning of the standard neoclassical adjustment to equilibrium after a demand shock in a non-cooperative simultaneous Cournot duopoly with complete, symmetric and imperfect information. Our results show that in such a framework the adjustment to the long-run level...
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1. The theory of managerial firms : setting the stage -- 2. Strategic delegation in oligopoly -- 3. Mixed oligopolies -- 4. Collusive behaviour and horizontal mergers -- 5. Divisionalization and vertical relations -- 6. Innovation and technical progress -- 7. Endogenous product differentiation...
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1. The origins : a bit of history -- 2. What is a game? -- 3. Solving a game -- 4. Understanding economics -- 5. Repeated games and collusive behaviour -- 6. Understanding politics -- 7. Wargames -- 8. Trade, security and hegemony -- 9. The role of information -- 10. Bargaining and cooperation.
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1. Introduction : a tragedy of commons -- 2. Oligopoly, pigouvian taxation and pollution permits -- 3. Mergers, vertical relations and collusion -- 4. Environmental quality, quality, standards, and the Porter hypothesis -- 5. Mixed oligopoly and corporate social responsibility -- 6. Consumer...
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