This paper reports an intriguing property of a nonlinear feedback Nash strategy equilibrium in a dynamic game with no state variable in the payoff of each player. While the open-loop Nash and linear feedback Nash equilibria coincide with the static Cournot-Nash equilibrium in such a framework,...

This paper looks into potential determinants of the mode of international competition in a polluting good market by analyzing a strategic interaction between two environmentally concerned governments. From the equilibrium outcomes of our game based on an international duopoly model with...

This paper looks into potential determinants of the mode of international competition in a polluting good market by analyzing a so-called timing game between two environmentally concerned governments. From the equilibrium results of our intergovernmental game based on an international duopoly...

By analyzing a strategic interaction between environmentally-concerned governments, we examine how the competition mode of international polluting oligopoly is determined. We show that a resulting form of competition depends on the magnitudes of marginal damage costs and cross-border spillover...

This paper reports an intriguing property of a nonlinear feedback Nash strategy equilibrium in a dynamic game with no state variable in the payoff of each player. While the open-loop Nash and linear feedback Nash equilibria coincide with the static Cournot-Nash equilibrium in such a framework,...