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We revisit Fujiwaraís (2008) differential duopoly game to show that the degenerate nonlinear feedback identified by the …
Persistent link: https://www.econbiz.de/10011705644
I propose a differential oligopoly game of resource extraction under (quasi-static) open-loop and nonlinear feedback strategies, where firms are managerial and two alternative types of delegation contract are considered. Under open-loop information, delegation expands the residual steady state...
Persistent link: https://www.econbiz.de/10013029722
We investigate how a resource user who is present-biased manages a renewable resource stock with variable growth that could undergo a reversible regime shift (an abrupt, persistent change in structure and function of the ecosystem supplying the resource). In a discrete-time quasihyperbolic...
Persistent link: https://www.econbiz.de/10012138111
We adopt a stepwise approach to the analysis of a dynamic oligopoly game in which production makes use of a natural resource and pollutes the environment, starting with simple models where firms' output is not a function of the natural resource to end up with a full-fledged model in which (i)...
Persistent link: https://www.econbiz.de/10011735092
We adopt a stepwise approach to the analysis of a dynamic oligopoly game in which production makes use of a natural resource and pollutes the environment, starting with simple models where firms' output is not a function of the natural resource to end up with a full-fledged model in which (i)...
Persistent link: https://www.econbiz.de/10013117971
I propose a differential oligopoly game of resource extraction under (quasi-static) open-loop and nonlinear feedback strategies, where firms are managerial and two alternative types of delegation contract are considered. Under open-loop information, delegation expands the residual steady state...
Persistent link: https://www.econbiz.de/10011715908
We extend Fujiwara's (2008) model to describe a differential oligopoly game of resource extraction under static, linear feedback and nonlinear feedback strategies, generalising his result that steady state feedback outputs are lower than monopoly and static oligopoly equilibrium outputs for any...
Persistent link: https://www.econbiz.de/10011730432
We compare a Bertrand with a Cournot duopoly in a setting where production is polluting and exploits natural resources …
Persistent link: https://www.econbiz.de/10011734229
We extend Fujiwara's (2008) model to describe a differential oligopoly game of resource extraction under static, linear feedback and nonlinear feedback strategies, generalising his result that steady state feedback outputs are lower than monopoly and static oligopoly equilibrium outputs for any...
Persistent link: https://www.econbiz.de/10013080186
We extend Fujiwara's (2008) model to describe a differential oligopoly game of resource extraction under static, linear feedback and nonlinear feedback strategies, generalizing his result that steady state feedback outputs are lower than monopoly and static oligopoly equilibrium outputs for any...
Persistent link: https://www.econbiz.de/10013034894