THE CURSE OF WINDFALL GAINS IN A NON RENEWABLE RESOURCE OLIGOPOLY*

Hassan Benchekroun and Ngo Long

Australian Economic Papers, 2006, vol. 45, issue 2, 99-105

Abstract: In this paper, we consider oligopolistic equilibria in subgame‐perfect strategies in continuous time, and investigate the effect of stock discovery on the profits of non‐identical natural resource oligopolists. We show that a uniform addition to all stocks does not necessarily increase the discounted sum of profits of all firms.

Date: 2006
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Citations: View citations in EconPapers (10)

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https://doi.org/10.1111/j.1467-8454.2006.00280.x

Related works:
Working Paper: The Curse of Windfall Gains in a Non Renewable Resource Oligopoly (2006)
Working Paper: THE CURSE OF WINDFALL GAINS IN A NON RENEWABLE RESOURCE OLIGOPOLY (2006)
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