Monopoly Power can be Disadvantageous in the Extraction of a Durable Nonrenewable Resource

DOI10.2307/2527313MaRDI QIDQ4331909zbMATH OpenOpenAlexFDO

Authors Larry Karp

Publication date 13 February 1997

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

Full work available at URL https://escholarship.org/uc/item/4cs0m1vb

zbMATH Keywords

nonrenewable resourceMarkov equilibriumdisadvantageous market power

Mathematics Subject Classification ID

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

Recommendations

• On monopoly power in extractive resource markets
• Monopoly extraction of a nonrenewable resource facing capacity constrained renewable competition
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• The Pricing of Durable Exhaustible Resources: Comment

Cited in

(4)

• The Pricing of Durable Exhaustible Resources: Comment
• Monopoly extraction of a nonrenewable resource facing capacity constrained renewable competition
• Group inefficiency in a common property resource game with asymmetric players
• On monopoly power in extractive resource markets

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