The Great Fish War: An Example Using a Dynamic Cournot-Nash Solution

How harmful is burning logging residues? Adding economics to the emission factors for Nordic tree species

“…Adams et al, 1996;Clark, 1980;Hannesson, 1995;Kronbak and Lindroos, 2007;Levhari and Mirman, 1980;Madani, 2010;Munro, 1979;Raquel et al, 2007;Suzuki and Nakayama, 1976;Thoyer et al, 2001;Wang et al, 1988). Few specific cases of forest management have been analyzed by game theoretic models (e.g.…”

Market Power, Resource Extraction and Pollution: Some Paradoxes and a Unified View

“…This is a direct consequence of the aforementioned tradeo¤ between the price e¤ect and the external e¤ect which, provided the market is a-uent enough, paradoxically induces the regulator to opt for a higher consumer surplus even though this entails a larger amount of pollution. 15 It can be shown that @ SW N = =@n > 0 always. 16 The analysis of the e¤ects of a change in n on industry pro…ts can only be carried out numerically, revealing that the industry concentration which maximises collective pro…ts is decreasing in : To see this, we …x a c = 1; v = 3; z = 1 and = 1=5; and solve @ n N = =@n = 0 for di¤erent values of ; obtaining (n is rounded to the lower integer): …”

“…That is, Remark 3 The higher is the environment's degree of e¢ ciency in recycling pollution, the larger is the population of …rms maximising industry pro…ts at 15 It is worth noting that this mechanism would still exist in a simpler version of this setup, without R&D investments. This is due to the fact that the con ‡ict between two equally desirable objectives (lowering the price and reducing pollution) is entirely inherent to production decisions only.…”

Characterization of Markovian equilibria in a class of differential games

“…This is a classical problem in the economics literature and has received much attention during the last 20 years; see Levhari and Mirman (1980), Clemhout and Wan (1985), Benhabib and Radner (1992) and Sorger (1998). The problem is generally cast in the inÿnite-horizon framework.…”