A Theory of 'Oil'Igopoly: Cournot Equilibrium in Exhaustible Resource Markets with Fixed Supplies
DOI10.2307/2526505zbMATH Open0592.90008OpenAlexW2018116852MaRDI QIDQ3722211FDOQ3722211
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
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existenceimperfectly competitive marketfixed point argumentexhaustible resourcenon-cooperative equilibriumopen loop strategiesCournot-Nash behaviourpetrol market
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)
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
- On the effects of the distribution of initial endowments in a nonrenewable resource duopoly
- Research on dynamics in a resource extraction game with bounded rationality
- On the profitability of production perturbations in a dynamic natural resource oligopoly
- Strong time-consistency in the cartel-versus-fringe model
- On the effects of the distribution of initial endowments in a nonrenewable resource duopoly
- On nonrenewable resource oligopolies: the asymmetric case
- Temporary natural resource cartels
- Equilibrium path in oligopolistic market of nonrenewable resource
- Title not available (Why is that?)
- 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
- Environmental stochasticity, Cournot competition and the prisoner's dilemma
- Ultimate recovery of an exhaustible resource under different market structures
- Games with exhaustible resources
- Two remarks on Cournot equilibria
- Resource mobility and market performance
- Set-up costs and the existence of competitive equilibrium when extraction capacity is limited.
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