Cartel Extraction and Backstop Entry

Francois Melese ()

No 1980034, Discussion Papers (REL - Recherches Economiques de Louvain) from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: Clearly there remain number of problems in the field of energy today. Of particular relevance is the role of the substitutes and/or backstop technologies (see Nordhaus (1973)) in affecting the extraction decision of monopolistic producers of (scarce) exhaustible resources.

Date: 1980-09-01
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