THE CURSE OF WINDFALL GAINS IN A NON RENEWABLE RESOURCE OLIGOPOLY *
Hassan Benchekroun () and
Australian Economic Papers, 2006, vol. 45, issue 2, 99-105
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..
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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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Persistent link: https://EconPapers.repec.org/RePEc:bla:ausecp:v:45:y:2006:i:2:p:99-105
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