Exploration for Nonrenewable Resources in a Dynamic Oligopoly: An Arrovian Result

Lambertini, Luca (2013) Exploration for Nonrenewable Resources in a Dynamic Oligopoly: An Arrovian Result. Bologna: Dipartimento di Scienze economiche - DSE, p. 19. DOI 10.6092/unibo/amsacta/3683. In: Quaderni - Working Paper DSE (859). ISSN 2282-6483.
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Abstract

I investigate two versions of a differential Cournot oligopoly game with nonrenewable resource exploitation, in which each firm may either exploit its own private pool or exploit a common pool jointly with the rivals. Firms use a deterministic technology to invest in exploration activities. In both models, there emerges that (i) the individual exploration effort is higher when each firms has exclusive rights on a pool of its own, and (ii) depending on the assumptions on technology and demand, the aggregate exploration effort is either constant or increasing in the number of firms.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Lambertini, Luca
Keywords
differential games, natural resources, oligopoly
Subjects
ISSN
2282-6483
DOI
Deposit date
24 May 2013 10:18
Last modified
03 Oct 2013 07:56
URI

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