Oligopoly equilibria in nonrenewable res
β
Seppo Salo; Olli Tahvonen
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Article
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2001
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Elsevier Science
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English
β 565 KB
Most Nash}Cournot oligopoly models of nonrenewable resources apply open-loop equilibrium concepts and are based on physical resource depletion. This paper studies feedback equilibria and economic depletion. Assuming a$ne-quadratic functional forms, the existence, uniqueness, and explicit solutions f