On nonrenewable resource oligopolies: the asymmetric case

DOI10.1016/j.jedc.2009.03.008zbMath1178.91106OpenAlexW2116029457MaRDI QIDQ1032684

Hassan Benchekroun, Alex Halsema, Cees A. A. M. Withagen

Publication date: 26 October 2009

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://www.cireqmontreal.com/wp-content/uploads/cahiers/13-2008-cah.pdf

zbMATH Keywords

Nash equilibriumopen loopnonrenewable resourcescartel versus fringe

Mathematics Subject Classification ID

Applications of game theory (91A80) Trade models (91B60) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Resource and cost allocation (including fair division, apportionment, etc.) (91B32)

Related Items (11)

An oligopoly-fringe model with HARA preferences ⋮ Stackelberg versus Cournot: a differential game approach ⋮ Deterministic asymmetric-cost differential games for energy production with production bounds ⋮ Monopoly, unilateral climate policies and limit pricing ⋮ Dynamic games in the economics of natural resources: a survey ⋮ On price taking behavior in a nonrenewable resource cartel-fringe game ⋮ When additional resource stocks reduce welfare ⋮ Optimal costless extraction rate changes from a non-renewable resource ⋮ An oligopoly-fringe non-renewable resource game in the presence of a renewable substitute ⋮ Dynamic games between firms and infinitely lived consumers: a review of the literature ⋮ Battle for climate and scarcity rents: beyond the linear-quadratic case

Cites Work

• Strong time-consistency in the cartel-versus-fringe model
• On the optimal order of natural resource use when the capacity of the inexhaustible substitute is limited
• Oligopoly equilibria in nonrenewable resource markets
• A Theory of 'Oil'Igopoly: Cournot Equilibrium in Exhaustible Resource Markets with Fixed Supplies
• On Oligopolistic Markets for Nonrenewable Natural Resources
• Heterogeneous Demand and Order of Resource Extraction
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