A Differential Oligopoly Game with Sticky Prices and Environmental Externality

Amir Mansour Tehranchian and Samad Yadollahpour Arabi
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Amir Mansour Tehranchian: Department of Economics, University of Mazandaran, Babolsar, Mazandaran, Iran(Corresponding Author).
Samad Yadollahpour Arabi: Department of Economics, Allameh Mohaddes Noori Institute of Higher Education, Noor, Iran.

Iranian Economic Review (IER), 2013, vol. 18, issue 2, 83-106

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 (search for similar items in EconPapers)
Date: 2013
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