This paper studies a strategic market game where agents fragment their bids on different markets. Simple conditions for existence of an interior equilibrium point are provided. In equilibrium, all agents are active on the same markets and prices are identical across markets, so that all...

This paper provides a methodology to study coalition formation problems with externalities and heterogeneous players, whensome subset of the players can act as "coalition developers" over time. The framework provided here allows to explicitly predict the timing of admission to coalitions, the...

This paper provides a framework to study how lobby-government interactions affect environmental R&D programs, government' green policies, firms' profitability, and environmental quality when a Northern country and a Southern country are engaged in trade. In our model, the motivation for an...

This paper provides a framework to study how lobby-government interactions affect environmental R&D programs, government' green policies, firms' profitability, and environmental quality when a Northern country and a Southern country are engaged in trade. In our model, the motivation for an...

The authors study market games with multiple posts per commodity. They provide some facts that characterize prices of commodities across posts and show some interesting results.

This paper studies whether it is possible to characterize an optimal, time-consistent tariff to protect an infant-industry in the presence of learning effects. A domestic monopolist decides how much to produce, taking into account learning effects induced by its current production, while the...