BENCHEKROUN, Hassan; WITHAGEN, Cees - Centre Interuniversitaire de Recherche en Économie … - 2010
the closed-loop and the open-loop nonrenewable resource game with the fringe members as price takers (the cartel-fringe … of the closed-loop Nash game does not coincide with the equilibrium outcome of the closed-loop cartel-fringe game. Thus …, the outcome of the cartel-fringe open-loop equilibrium can be supported as an outcome of a subgame perfect equilibrium …