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A Differential Oligopoly Game with Sticky Prices and Environmental Externality

Author

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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.)

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.

Suggested Citation

  • Amir Mansour Tehranchian & Samad Yadollahpour Arabi, 2013. "A Differential Oligopoly Game with Sticky Prices and Environmental Externality," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 18(2), pages 83-106, spring.
    • Handle: RePEc:eut:journl:v:18:y:2013:i:2:p:83
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    References listed on IDEAS

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    2. Charnes, A. & Cooper, W. W. & Rhodes, E., 1978. "Measuring the efficiency of decision making units," European Journal of Operational Research, Elsevier, vol. 2(6), pages 429-444, November.
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