Monopoly Power can be Disadvantageous in the Extraction of a Durable Nonrenewable Resource

DOI10.2307/2527313zbMath0867.90037OpenAlexW3126100971MaRDI QIDQ4331909

Larry S. Karp

Publication date: 13 February 1997

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

Full work available at URL: https://escholarship.org/uc/item/4cs0m1vb

zbMATH Keywords

nonrenewable resourceMarkov equilibriumdisadvantageous market power

Mathematics Subject Classification ID

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

Related Items (1)

Group inefficiency in a common property resource game with asymmetric players

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