On Comparing Monopoly and Competition in Exhaustible Resource Exploitation

It Is Widely Believed That Exhaustible Resource Monopolies Do Not Enjoy As Much Market Power As Standard Non Resource Monopolies, and May Even Produce in a Socially Optimum Way. We Argue That This Paradoxical Result Arises From an Inappropriate Comparison Methodology. When Similar Assumptions Are Applied to the Resource, and the Conventional, Cases, We Show That the Resource Monopoly Behaves As Expected, I.E. Restricts Supply.

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Year of publication:	1986
Authors:	Gaudet, G. ; Lasserre, P.
Institutions:	Département de Sciences Économiques, Université de Montréal
Subject:	Monolies \| Comtition \| Non-Renewable Resources \| Resources Exoitation

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Series:	Cahiers de recherche.
Type of publication:	Book / Working Paper
Notes:	9 pages long. pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005729692