Duopoly in Exhaustible Resource Exploration and Extraction

John M. Hartwick and Perry Sadorsky

Working Papers from Queen's University, Department of Economics

Abstract: Strategic considerations of exploration and extraction are investigated in a two player, two period, two stage perfect equilibrium framework. Relative to two plant monopoly, the duopolists explore more and extract more. A mixed game where there is co-operation "upstream" in exploration and Cournot competition "downstream" in quantities extracted is investigated. We also note the increasing returns to scale in exploration can introduce an unstable interior solution with a corner solution the presumed stable equilibrium.

Date: 1988

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Duopoly in Exhaustible Resource Exploration and Extraction (1990)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:qed:wpaper:721

Access Statistics for this paper

More papers in Working Papers from Queen's University, Department of Economics
Contact information at EDIRC.
Series data maintained by Mark Babcock ().