Monopoly extraction of an exhaustible resource with two markets

Carolyn Fischer and Ramanan Laxminarayan ()

Canadian Journal of Economics, 2004, vol. 37, issue 1, 178-188

Abstract: Although much has been written about monopoly extraction of natural resources, the case of a resource being sold in two separate markets has escaped notice. We find that a monopolist facing two different iso-elastic demand schedules extracts more rapidly than the social planner, whether or not arbitrage prevents price discrimination between markets.

JEL-codes: D42 Q3 (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (13)

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Working Paper: Monopoly Extraction of an Exhaustible Resource with Two Markets (2004)
Working Paper: Monopoly Extraction of an Exhaustible Resource with Two Markets (2004)
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