... ambiguity. In robust rules the lower bounds to the rule's performance are determined by Nature, and management can be regarded as a game between the regulator and Nature. The regulator maximizes her/his objective, while Nature "tries" to minimize the regulator's objective. The outcome of this game...

...Pauli Lappi This paper studies the interaction between and the regulation of duopolists in imperfect permit and output markets. The interaction is modeled with a two-stage game in which the permit holding decision is made after the output decision. In the case of dominant buyer this results...