A Theory of 'Oil'Igopoly: Cournot Equilibrium in Exhaustible Resource Markets with Fixed Supplies

DOI10.2307/2526505MaRDI QIDQ3722211zbMATH OpenOpenAlexFDO

Authors Glenn Loury

Publication date 1986

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

Full work available at URL https://doi.org/10.2307/2526505

zbMATH Keywords

existenceimperfectly competitive marketfixed point argumentexhaustible resourcenon-cooperative equilibriumopen loop strategiesCournot-Nash behaviourpetrol market

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Noncooperative games (91A10) Other game-theoretic models (91A40) Microeconomic theory (price theory and economic markets) (91B24) General equilibrium theory (91B50) Economic growth models (91B62)

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Cited in

(30)

• On the convergence to the Cournot equilibrium in a productive asset oligopoly
• On comparing monopoly and competition in exhaustible resource exploitation
• Strategic resource dependence
• Dynamic games in the economics of natural resources: a survey
• Research on dynamics in a resource extraction game with bounded rationality
• On the effects of the distribution of initial endowments in a nonrenewable resource duopoly
• On the profitability of production perturbations in a dynamic natural resource oligopoly
• Strong time-consistency in the cartel-versus-fringe model
• On nonrenewable resource oligopolies: the asymmetric case
• Temporary natural resource cartels
• On the effects of the distribution of initial endowments in a nonrenewable resource duopoly
• Equilibrium path in oligopolistic market of nonrenewable resource
• scientific article; zbMATH DE number 4095164 (Why is no real title available?)
• Oligopoly equilibria in nonrenewable resource markets
• Monopoly, potential competition and private stock information in exhaustible resource markets
• Partial privatization in an exhaustible resource industry
• Scarce human resources and equilibrium industry structure
• On price taking behavior in a nonrenewable resource cartel-fringe game
• Existence of equilibria in exhaustible resource markets with economies of scale and inventories
• Strategic uncertainty in markets for nonrenewable resources: a level-\(k\) approach
• Infinite Horizon Rational Expectations Equilibrium in a Competitive Market for an Exhaustible Resource
• A game model of oligopolistic market of nonrenewable resource
• Exploration for nonrenewable resources in a dynamic oligopoly: an Arrovian result
• A partial characterization of a history-dependent, subgame-perfect equilibrium: the case of an exhaustible resource duopoly
• Ultimate recovery of an exhaustible resource under different market structures
• Environmental stochasticity, Cournot competition and the prisoner's dilemma
• Two remarks on Cournot equilibria
• Games with exhaustible resources
• Set-up costs and the existence of competitive equilibrium when extraction capacity is limited.
• Resource mobility and market performance

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