Social Welfare in a Common Property Oligopoly

DOI10.2307/2526899zbMath0756.90030OpenAlexW2062415610MaRDI QIDQ4008542

Larry S. Karp

Publication date: 27 September 1992

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

Full work available at URL: https://doi.org/10.2307/2526899

zbMATH Keywords

Markov perfect equilibriumnonrenewable resourcenoncooperative differential gameMarkov Nash-Cournot equilibriumopen-loop equilibria

Mathematics Subject Classification ID

Economic growth models (91B62) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Auctions, bargaining, bidding and selling, and other market models (91B26) General equilibrium theory (91B50) Positional games (pursuit and evasion, etc.) (91A24)

Related Items (4)

On the effects of mergers on equilibrium outcomes in a common property renewable asset oligopoly ⋮ On the convergence to the Cournot equilibrium in a productive asset oligopoly ⋮ Stackelberg versus Cournot: a differential game approach ⋮ On the Markovian efficiency of Bertrand and Cournot equilibria

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