Existence of equilibria in exhaustible resource markets with economies of scale and inventories

DOI10.1007/S00199-016-0956-5zbMath1405.91488WikidataQ62629985 ScholiaQ62629985MaRDI QIDQ2358790

Lucas Bretschger, Antoine Bommier, François Le Grand

Publication date: 16 June 2017

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: http://www.cer.ethz.ch/content/dam/ethz/special-interest/mtec/cer-eth/cer-eth-dam/documents/working-papers/WP-14-203.pdf

zbMATH Keywords

equilibrium existenceexhaustible resourcesresource storagenon-convex extraction cost

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Related Items (2)

Existence of equilibria in exhaustible resource markets with economies of scale and inventories ⋮ Economic growth and property rights on natural resources

Cites Work

• With exhaustible resources, can a developing country escape from the poverty trap?
• Existence of equilibria in exhaustible resource industries
• Set-up costs and the existence of competitive equilibrium when extraction capacity is limited.
• Existence of equilibria in exhaustible resource markets with economies of scale and inventories

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