Monopoly extraction of a nonrenewable resource facing capacity constrained renewable competition

DOI10.1016/J.ECONLET.2013.06.013zbMath1284.91348OpenAlexW2100799901MaRDI QIDQ2446277

Min Wang, Jin-Hua Zhao

Publication date: 16 April 2014

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2013.06.013

zbMATH Keywords

dynamic optimizationresource extractioncapacity constraintrenewable substitute

Mathematics Subject Classification ID

Special types of economic markets (including Cournot, Bertrand) (91B54)

Related Items (2)

Monopoly, unilateral climate policies and limit pricing ⋮ An oligopoly-fringe non-renewable resource game in the presence of a renewable substitute

Cites Work

• Private storage of common property
• Strong time-consistency in the cartel-versus-fringe model
• A Hotelling model with a ceiling on the stock of pollution
• Monopoly resource extractions under the presence of predetermined substitute production
• Resource extraction, substitute production, and monopoly
• On the optimal order of natural resource use when the capacity of the inexhaustible substitute is limited
• Extraction capacity and the optimal order of extraction.
• Resource Depletion Under Technological Uncertainty
• Invention and Innovation Under Alternative Market Structures: The Case of Natural Resources
• Exploitation of Many Deposits of an Exhaustible Resource

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