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A Note on Regulating Oligopolistic Industries: A Hierarchical Model

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Abstract

In a 1994 paper, extending the well-known incremental surplus subsidy scheme of Sappington and Sibley, Schwermer presented a non-Bayesian incentive scheme for regulating a Cournot oligopoly industry. This note designs an oligopolistic incentive scheme for a hierarchical Stackelberg model in which firms choose outputs sequentially.

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References

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  • Sappington, David E. M., and David S. Sibley. 1988. “Regulating without Cost Information:The Incremental Surplus Subsidy Scheme.” International Economic Review 29: 297–306.

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Authors and Affiliations

  1. Department of Economics, Chonnam National University, 300 Yongbong-dong Bukgu, Kwangju, 500-757, Korea

    Sang-Ho Lee

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  1. Sang-Ho Lee
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Lee, SH. A Note on Regulating Oligopolistic Industries: A Hierarchical Model. Journal of Regulatory Economics 12, 91–97 (1997). https://doi.org/10.1023/A:1007914004997

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  • DOI: https://doi.org/10.1023/A:1007914004997

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