Should the global community welcome new oil discoveries?

DOI10.1007/S00712-022-00796-6zbMath1505.91168OpenAlexW4285394021MaRDI QIDQ2099506

Sylwia Bialek, Alfons J. Weichenrieder

Publication date: 24 November 2022

Published in: Journal of Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00712-022-00796-6

zbMATH Keywords

oil discoveryendogenous phase-outenvironmental costextraction costHerfindahl rulewindfall profit

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Welfare economics (91B15)

Cites Work

• When additional resource stocks reduce welfare
• On monopoly power in extractive resource markets
• On comparing monopoly and competition in exhaustible resource exploitation
• Extraction capacity and the optimal order of extraction.

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