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activity by environmentalists advertising assume assumptions basin of attraction business accounting Chaebol choose consumers coordination game Cournot competition d2GW Darwinian property denote deter entry deterministic path developing countries direct investment distribution domestic government duopoly dynamics economic growth effect of lobbying entrant entry cost entry regulation equal equation excess entry theorem fair value function global game Hitotsubashi University host country implies income incomplete information incumbent firm incumbent's industries information game interest rates International intertemporal intuitive criterion investors Japan Journal of Economics Korean manufacturing learning-by-doing limit pricing loan assets lobbying activity long run equilibrium market demands Nash equilibrium national accounting network externality noise Oligopoly paper payoff player l's pollution and trade pollution tax pollution tax rate population profit Proposition quota regime R&D spillover rate of return result risk-dominant equilibrium satisfied social welfare strategy subgame trade tax rate variables