Invention and Innovation Under Alternative Market Structures: The Case of Natural Resources

DOI10.2307/2297287zbMath0489.90034OpenAlexW2094516028MaRDI QIDQ3951883

Richard J. Gilbert, Joseph E. Stiglitz, Partha Dasgupta

Publication date: 1982

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2297287

zbMATH Keywords

resource allocationmarket structureinnovationresource depletionplanned economyendogenous technical progresspure monopolycompetition with patent rights

Mathematics Subject Classification ID

Economic growth models (91B62) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Related Items (10)

Toward realistic microeconomic models of mineral exploitation. I ⋮ Cycles in nonrenewable resource prices with pollution and learning-by-doing ⋮ An infinite-horizon multistage dynamic optimization problem ⋮ Two-stage optimal control problems with an explicit switch point dependence. Optimality criteria and an example of delivery lags and investment ⋮ Monopoly extraction of a nonrenewable resource facing capacity constrained renewable competition ⋮ Perfect equilibrium timing of a backstop technology. Limit pricing induced by trigger zones ⋮ Model of R&D investment of firms and resulting new skew distribution ⋮ On R\&D timing under uncertainty. The case of exhaustible resource substitution ⋮ ENDOGENOUS GROWTH, BACKSTOP TECHNOLOGY ADOPTION, AND OPTIMAL JUMPS ⋮ THE POSSIBILITY OF CONTINUOUS GROWTH WITH EXHAUSTIBLE RESOURCES: UNKNOWINGLY AN AGREEMENT HAS BEEN REACHED, BUT IT MAY NOT BE CORRECT

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