A dynamic model of resource extraction and intensity of competition

Tim Pegna

Australian Economic Papers, 2024, vol. 63, issue S1, 33-46

Abstract: This paper represents a significant extension of the traditional Cournot extraction game, by introducing the linear supply function strategy space in a novel, dynamic way. A variety of asymmetric cases are considered, including the new firm‐specific competitive strategies. The results highlight the importance of competition in accelerating the supply of critical minerals, which is vital to mitigate climate change, but also present a new sustainability challenge.

Date: 2024
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https://doi.org/10.1111/1467-8454.12346

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