This paper presents a dynamic model on lobbying. The interactions between two competing lobbies, who attempt to influence regulations and legislation, are modeled as a differential game. The author considers for this game first a time-consistent and then a subgame-perfect equilibrium (in linear...

This paper investigates profit-maximizing conservation incentives of a utility, where the interest in conservation results from prices regulated below the marginal costs of supply and where consumers differ with respect to their subjective time preference. Conventional least-cost planning...

This article considers distributed and hierarchical decisions where the actions of two units of a firm (divisions, brands, departments) lead to externalities. For example, brand 1 plans to offer a new product that could have adverse effects on products from brand 2. Each unit has private...