A Note on Regulating Oligopolistic Industries: A Hierarchical Model

Sang-Ho Lee

Journal of Regulatory Economics, 1997, vol. 12, issue 1, 97 pages

Abstract: In a 1994 paper, extending the well-known incremental surplus subsidy scheme of Sappington and Sibley, Schwermer presented a non-Bayesian incentive scheme for regulating a Cournot oligopoly industry. This note designs an oligopolistic incentive scheme for a hierarchical Stackelberg model in which firms choose outputs sequentially. Copyright 1997 by Kluwer Academic Publishers

Date: 1997
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