Monopoly extraction of an exhaustible resource with two markets

Although much has been written about monopoly extraction of natural resources, the case of a resource being sold in two separate markets has escaped notice. We find that a monopolist facing two different iso-elastic demand schedules extracts more rapidly than the social planner, whether or not arbitrage prevents price discrimination between markets.

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Year of publication:	2004
Authors:	Fischer, Carolyn ; Laxminarayan, Ramanan
Published in:	Canadian Journal of Economics. - Canadian Economics Association - CEA. - Vol. 37.2004, 1, p. 178-188
Publisher:	Canadian Economics Association - CEA

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Extent:	application/pdf
Type of publication:	Article
Notes:	Published
Classification:	D42 - Monopoly ; Q3 - Nonrenewable Resources and Conservation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005770330