This study introduces Stackelberg-Nash equilibrium to neoclassical growth theory. It attempts make economic theory more robust in modelling the complexity of market structures. The model is constructed within framework Solow-Uzawa two-sector model. economy composed two sectors. final goods sector same as Solow one-sector which characterized by perfect competition. consumer Uzawa but Stackelberg...

Electricity market liberalization aims to boost competition at the level of each member state as well as within the European Union (EU). Therefore, observing the strategic behavior of the market players (e.g. related to net access, cooperation or refusal to collaborate, etc.) becomes crucial. There are different mathematical models for describing the behaviour of a competitive market. For the s...

This paper uses annual data on world oil price and consumption from 1965 to 2006 to calibrate a Hotelling model of optimal nonrenewable resource extraction. Numerical solutions are generated for various specifications of the elasticity of demand for both isoelastic demand and linear demand under each of two possible market structures: perfect competition and monopoly. Prior to the 1973 oil cris...

We develop a method for estimating the rivalness of tax bases using the structures of the conditional logit, Poisson and nested logit models. As an illustration, we apply this method to estimate the e↵ect of state-level capital taxation on U.S. inward foreign direct investment. The assumption of perfect non-rivalenss can in some cases be rejected, but the assumption of perfect rivalness cannot....