A Note on Regulating Oligopolistic Industries: A Hierarchical Model |
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| Authors: | Lee Sang-Ho |
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| Institution: | (1) Department of Economics, Chonnam National University, 300 Yongbong-dong Bukgu, Kwangju, 500-757, Korea |
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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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