Strategic uncertainty in markets for nonrenewable resources: a level-\(k\) approach

DOI10.1155/2017/2768045zbMath1412.91210OpenAlexW2765550342MaRDI QIDQ1784861

Armin Fügenschuh, Ingmar Vierhaus, Roel van Veldhuizen

Publication date: 27 September 2018

Published in: Discrete Dynamics in Nature and Society (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1155/2017/2768045

zbMATH Keywords

experimentnonrenewable resourcesstrategic uncertaintydynamic nonrenewable resource gamelevel-\(k\) approachNash-Hotelling equilibrium

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Uses Software

• SCIP

Cites Work

• SCIP: solving constraint integer programs
• Strong time-consistency in the cartel-versus-fringe model
• Oligopoly equilibria in nonrenewable resource markets
• Resource prices and planning horizons
• A Theory of 'Oil'Igopoly: Cournot Equilibrium in Exhaustible Resource Markets with Fixed Supplies
• A Cognitive Hierarchy Model of Games

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