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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. Copyright Blackwell Publishing Ltd/University of Adelaide and Flinders University 2006..

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