Strategic Choice of Market Instrument

The Effect Of Salvage Market On Strategic Technology Choice And Capacity Investment Decision Of Firm Under Demand Uncertainty

Instrument Choice in a Fishery

This paper considers regulation formation in a fishery where the aggregate harvest level is fixed. Fishing captains and input suppliers participate in the process under which regulatory instruments such as capital restrictions, entry restrictions, or individual transferable quotas (ITQs) are chosen. The feasible set of regulations must satisfy two constraints: an upper bound on the season lengt...

Strategic segmentation of a market *

When competing firms target information towards specific consumers through direct marketing activities, complete segmentation of markets can result. We analyze a two-stage duopoly where, prior to price competition, each firm targets information to specific consumers and only consumers informed by a firm can buy from it. This has the effect of endogenously determining market segments in a model ...

Instrument Choice in Environmental Policy

We examine the extent to which various environmental policy instruments meet major evaluation criteria, including cost-effectiveness, distributional equity, minimization of risk in the presence of uncertainty, and political feasibility. Instruments considered include emissions taxes, tradable emissions allowances, subsidies for emissions reductions, performance standards, technology mandates, a...

Fisheries Instrument Choice under Uncertainty

This paper uses data from an actual fishery to construct a tractable, dynamic model to compare expected profit and its variance, optimal stock size, optimal harvest rate, and optimal fishing effort under different management regimes under uncertainty. The results provide a comparison of instrument choice between a total harvest control and a total effort control under uncertainty, an original m...