The Quadratic Oil Extraction Oligopoly

Each extractor has a distinct quadratic extraction cost and faces a linear industry demand schedule. We observe that the open loop and closed loop solutions are the same if initial stocks are such that each competitor is extracting in every period in which her competitors are extracting.

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Year of publication:	2006-09
Authors:	Hartwick, John
Institutions:	Economics Department, Queen's University
Subject:	oligopoly extractors \| closed loop solution

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 1095 20 pages
Classification:	D43 - Oligopoly and Other Forms of Market Imperfection ; Q32 - Exhaustible Resources and Economic Development
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005490222