Ultimate recovery of an exhaustible resource under different market structures

Mukesh Eswaran1, Tracy R Lewis1
1Department of Economics, University of British Columbia, Vancouver, British Columbia, Canada

Tài liệu tham khảo

Coddington, 1955 Eichhorn, 1972, A general formulation of the LeChatelier-Samuelson principle, Econometrica, 40, 711, 10.2307/1912964 M. I. Kamien and N. L. Schwartz, The optimal resource-capital ratio and market structure, J. Econ Theor., in press. Lewis, 1979, Monopoly and the rate of extraction of exhaustible resources: Note, Amer. Econ. Rev., 69, 227 Lewis, 1979, Cartel and oligopoly pricing of nonrenewable natural resources Lewis, 1980, On oligopolistic markets for nonrenewable natural resources, Quart. J. Econ., 475, 10.2307/1885089 Loury, 1981, A theory of oligopoly: Cournot equilibrium in exhaustible resource markets with fixed supplies, Bell J. Magill, 1980, Infinite horizon programs, Econometrica Pindyck, 1978, The optimal exploration and production of nonrenewable resources, J. Pol. Econ., 86, 841, 10.1086/260714 Salant, 1976, Exhaustible resources and industrial structure: A Nash-Cournot approach to the world oil market, J. Pol. Econ., 84, 1079, 10.1086/260497 Salant, 1983, The length of the optimal extraction program when marginal extraction costs arc affected by depletion, J. Econ. Theory, 31, 364, 10.1016/0022-0531(83)90083-2 Seierstad, 1977 Spence, 1976, Product selection, fixed costs, and monopolistic competition, Rev. Econ. Stud., 217, 10.2307/2297319 Stiglitz, 1976, Monopoly and the rate of extraction of exhaustible resources, Amer. Econ. Rev., 66, 655 Sweeney, 1977, Economics of depletable resources: Market forces and intertemporal bias, Rev. Econ. Stud., 44, 125, 10.2307/2296977 Takayama, 1974 Weinstein, 1975, The optimal consumption of depletable natural resources, Quart. J. Econ., 89, 371, 10.2307/1885258