Title of article
A Differential Oligopoly Game with Sticky Prices and Environmental Externality
Author/Authors
Tehranchian, Amir Mansour university of mazandaran - Department of Economics, بابلسر, ايران , Yadollahpour Arabi, Samad Allameh Mohaddes Noori Institute of Higher Education - Department of Economics, ايران
From page
83
To page
106
Abstract
We investigate a differential oligopoly games with sticky prices and environmental externality. The external effect is determined by sales. We compute the socially optimal allocation, where a benevolent planner sets production plans so as to maximize the discounted social welfare, in both existence and non-existence environmental externality, and show that the latter equilibrium entails a larger level of steady state production as compared to the former.
Keywords
Price Stickiness , Differential Games , Environmental Externality , Social Welfare
Journal title
Iranian Economic Review (IER)
Journal title
Iranian Economic Review (IER)
Record number
2567538
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