Environmental Tax Shakes Up Duopoly Market, Reshaping Industry Dynamics
In this article, two competition models with an environmental tax in a duopoly setting are explored. One model follows how companies make decisions together, while the other shows how one company leads the way. By studying these models, it was discovered that the strategies companies use when facing environmental taxes can be different depending on the situation. This research sheds light on how businesses might act when they need to compete and pay attention to the environment at the same time.