We compare a Bertrand with a Cournot duopoly in a setting where production is polluting and exploits natural resources …, and firms bear convex production costs. We adopt Dastidar's (1995) approach, yielding a continuum of Bertrand …

A usual assumption in the theory of collusion is that cartels are all-inclusive. In contrast, most real-world collusive …, which firms are part of it. The second aim of the experiment is to study the coordinated effects of a merger when partial … after a merger. Our findings suggest that merger analysis that is based on the assumption that only full cartels forms …

It is well known that uncertainty concerning firms' costs as well as market power of the latter have to be taken into …, hitherto environmental economic theory has restricted itself to either of them when submitting conventional policy instruments … emission standards and taxes against the background of uncertain emission control costs and a polluting asymmetric Cournot …

uncertain costs. It is found that with supply function competition, and in contrast to Bayesian Cournot competition … private signals or more correlation among the costs parameters. In fact, for large values of noise or correlation supply …