On Oligopolistic Markets for Nonrenewable Natural Resources

DOI10.2307/1885089zbMath0442.90014OpenAlexW1940235666MaRDI QIDQ3885465

Tracy R. Lewis, Richard L. Schmalensee

Publication date: 1980

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

Full work available at URL: http://hdl.handle.net/1721.1/1952

zbMATH Keywords

perfect informationoligopolistic marketsresource depletionstationary conditionsexistence of Cournot-Nash equilibriainefficient productioncomparative dynamic resultsnoncooperative oligopoly behaviornonrenewable natural resources

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Related Items (10)

Research on dynamics in a resource extraction game with bounded rationality ⋮ Partial privatization in an exhaustible resource industry ⋮ Strong time-consistency in the cartel-versus-fringe model ⋮ Strategic resource dependence ⋮ Dynamic games in the economics of natural resources: a survey ⋮ On price taking behavior in a nonrenewable resource cartel-fringe game ⋮ Equilibrium path in oligopolistic market of nonrenewable resource ⋮ On nonrenewable resource oligopolies: the asymmetric case ⋮ Oligopoly equilibria in nonrenewable resource markets ⋮ An oligopoly-fringe non-renewable resource game in the presence of a renewable substitute

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