Oligopoly models where firms and other agents take prior actions that subsequently affect the marginal costs have long been useful in illuminating policy debates with respect to antitrust regulation, environmental protection, and international competition. In this paper we illustrate the relevance in an environmental Cournot game, where the production technology is characterised by constant returns to scale. It is shown that an asymmetric distribution of emission quotas can be optimal in some, but not all, cases.
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Volume (Year): 161 (2005) Issue (Month): 4 (December) Pages: 729- Download reference. The following formats are available: HTML
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Find related papers by JEL classification: C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games D62 - Microeconomics - - Welfare Economics - - - Externalities L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
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