Optimal Firms' Mix in Oligopoly with Twofold Environmental Externality

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  • Release Date : 2014
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  • File Size : 99,99 MB
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Optimal Firms' Mix in Oligopoly with Twofold Environmental Externality by PDF Summary

Book Description: We charaterise the socially optimal mix of firms in an oligopoly with both profit-seeking and labour-managed firms. The policy maker faces a twofold externality: (i) production entails the exploitation of a common pool natural resource and (ii) production/consumption pollutes the environment. We study the relationship between firms' mix and social welfare in the Cournot-Nash equilibrium of the industry and the resulting policy implications.

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The Theory of Mixed Oligopoly

The Theory of Mixed Oligopoly

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This book outlines the core concept of the theory of mixed oligopoly and presents recent results that have arisen in a mixed oligopolistic market. The wave of p