We study the implication of credit constraints for the sustainability of product market collusion in a bank financed Cournot duopoly when firms face an imperfect credit market. We consider two situations without or with credit rationing. When there is no credit rationing moderately higher cost...

We study the implication of credit constraints for the sustainability of product market collusion in a bank financed Cournot duopoly when firms face an imperfect credit market. We consider two situations without or with credit rationing. When there is no credit rationing moderately higher cost...

This paper investigates the optimal environmental policy (the mix of emissions tax and R&D subsidy) when two firms, producing differentiated products, compete in the output market over time. Firms compete over supply schedules, which encompasses a continuum of market structures from Bertrand to...

This paper examines the role of intellectual property in developing countries in offshore outsourcing of R&D. We find that strengthened intellectual property protection in developing countries provides incentive for firms, both multinational and local, to specialize in undertaking an R&D...

This paper establishes a crucial link between international trade and local organization of production. By using the standard Heckscher-Ohlin-Samuelson model we show that international trade promotes fragmentation, entrepreneurship and outsourcing due to the capital cost effect and the scale...

Gas hydrates are considered as a potential strategic energy source for sustainable development. The thermal properties of hydrate-bearing sediments govern the hydrate dissociation behavior and gas production process that accompany phase transformation and multiphase flow. This paper presents a...

Over the past century, fossil fuels have provided the majority of China's energy. However, their extensive utilization leads to a shortage and environmental pollution. Recently, submarine and permafrost gas hydrate deposits have been investigated as a possible clean and sustainable energy source...

While identifiability of finite mixtures for a wide range of distributions has been studied by statisticians for decades, discussion on countably infinite mixtures is still limited. This article provides an sufficient condition by means of well-ordered sets and uniform convergence of series. It...