Monopoly extraction of a nonrenewable resource facing capacity constrained renewable competition

This paper studies monopoly extraction of a nonrenewable resource with the presence of a competitively supplied capacity constrained renewable substitute. The monopolist staves off the renewable supply when the latter becomes competitive and then lets the resource price jump up.

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Year of publication:	2013
Authors:	Wang, Min ; Zhao, Jinhua
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 120.2013, 3, p. 503-508
Publisher:	Elsevier
Subject:	Resource extraction \| Renewable substitute \| Capacity constraint \| Dynamic optimization

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Type of publication:	Article
Classification:	Q2 - Renewable Resources and Conservation; Environmental Management ; Q3 - Nonrenewable Resources and Conservation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010681773