Optimal Firms' Mix in Oligopoly with Twofold Environmental Externality
| Author | : |
| Publisher | : |
| Total Pages | : |
| Release | : 2014 |
| ISBN-10 | : OCLC:884794426 |
| ISBN-13 | : |
| Rating | : 4/5 ( Downloads) |
Book Synopsis Optimal Firms' Mix in Oligopoly with Twofold Environmental Externality by :
Download or read book Optimal Firms' Mix in Oligopoly with Twofold Environmental Externality written by and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
