Add to ORKGAbstract: We reconsider the problem of inefficiency and nonexistence of a competitive equilibrium in exhaustible resource markets where extraction costs are nonconvex. The existence of a backstop technology (which induces a flat portion of the industry demand curve) restores both existence and efficiency, provided that the backstop price is sufficiently low. If firms face even a small amount of uncertainty regarding their rivals' stocks, a backstop technology is sufficient to restore existence of competitive equilibrium, even if the backstop price is very high. In this case, however, the competitive equilibrium is not efficient
In this paper the binding-contracte open-loop v~n Stackelberg equilibrium in the cartel-vereus-fring...
Stiglitz and Dasgupta discuss the implications of market structure and resource depletion
International audienceWe study the optimal extraction of a polluting nonrenewable resource within th...
We reconsider the problem of inefficiency and nonexistence of a competitive equilibrium in exhaustib...
The about, 15 year old problem of the behavior of prices of an exhaustible resource when faced with ...
This paper analyzes the impact on exhaustible resource markets of setup costs, a sparsely analyzed c...
This paper analyzes the impact on exhaustible resource markets of setup costs, a sparsely analyzed c...
This paper analyzes the impact on exhaustible resource markets of setup or shut-down costs, a sparse...
If average costs in a nonrenewable resource industry are U-shaped, a competitive equilibrium may not...
If average costs in a nonrenewable resource industry are U-shaped, a competitive equilibrium may not...
The paper proves the existence of equilibrium in non-renewable resource markets when extraction cost...
Heal's theorem states that if the extraction cost of a depletable resource increases with cumul...
I consider a non-renewable resource market where extraction costs are non-convex and market price is...
The effects of two practical features associated with the extraction of a non-renewable natural reso...
This thesis considers the utilization of an exhaustible resource in an oligopolistic market in whic...
In this paper the binding-contracte open-loop v~n Stackelberg equilibrium in the cartel-vereus-fring...
Stiglitz and Dasgupta discuss the implications of market structure and resource depletion
International audienceWe study the optimal extraction of a polluting nonrenewable resource within th...
We reconsider the problem of inefficiency and nonexistence of a competitive equilibrium in exhaustib...
The about, 15 year old problem of the behavior of prices of an exhaustible resource when faced with ...
This paper analyzes the impact on exhaustible resource markets of setup costs, a sparsely analyzed c...
This paper analyzes the impact on exhaustible resource markets of setup costs, a sparsely analyzed c...
This paper analyzes the impact on exhaustible resource markets of setup or shut-down costs, a sparse...
If average costs in a nonrenewable resource industry are U-shaped, a competitive equilibrium may not...
If average costs in a nonrenewable resource industry are U-shaped, a competitive equilibrium may not...
The paper proves the existence of equilibrium in non-renewable resource markets when extraction cost...
Heal's theorem states that if the extraction cost of a depletable resource increases with cumul...
I consider a non-renewable resource market where extraction costs are non-convex and market price is...
The effects of two practical features associated with the extraction of a non-renewable natural reso...
This thesis considers the utilization of an exhaustible resource in an oligopolistic market in whic...
In this paper the binding-contracte open-loop v~n Stackelberg equilibrium in the cartel-vereus-fring...
Stiglitz and Dasgupta discuss the implications of market structure and resource depletion
International audienceWe study the optimal extraction of a polluting nonrenewable resource within th...