A Theory of 'Oil'Igopoly: Cournot Equilibrium in Exhaustible Resource Markets with Fixed Supplies

DOI10.2307/2526505zbMath0592.90008OpenAlexW2018116852MaRDI QIDQ3722211

Glenn Loury

Publication date: 1986

Published in: International Economic Review (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2526505

zbMATH Keywords

existencefixed point argumentimperfectly competitive marketexhaustible resourcenon-cooperative equilibriumopen loop strategiesCournot-Nash behaviourpetrol market

Mathematics Subject Classification ID

Noncooperative games (91A10) Microeconomic theory (price theory and economic markets) (91B24) Economic growth models (91B62) Other game-theoretic models (91A40) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) General equilibrium theory (91B50)

Related Items

Research on dynamics in a resource extraction game with bounded rationality ⋮ Partial privatization in an exhaustible resource industry ⋮ Two remarks on Cournot equilibria ⋮ On the convergence to the Cournot equilibrium in a productive asset oligopoly ⋮ Environmental Stochasticity, Cournot Competition and the Prisoner’s Dilemma ⋮ On the effects of the distribution of initial endowments in a nonrenewable resource duopoly ⋮ On the effects of the distribution of initial endowments in a nonrenewable resource duopoly ⋮ EXPLORATION FOR NONRENEWABLE RESOURCES IN A DYNAMIC OLIGOPOLY: AN ARROVIAN RESULT ⋮ Strategic resource dependence ⋮ Dynamic games in the economics of natural resources: a survey ⋮ On price taking behavior in a nonrenewable resource cartel-fringe game ⋮ Strategic uncertainty in markets for nonrenewable resources: a level-\(k\) approach ⋮ Equilibrium path in oligopolistic market of nonrenewable resource ⋮ On nonrenewable resource oligopolies: the asymmetric case ⋮ Oligopoly equilibria in nonrenewable resource markets

This page was built for publication: A Theory of 'Oil'Igopoly: Cournot Equilibrium in Exhaustible Resource Markets with Fixed Supplies