THE CURSE OF WINDFALL GAINS IN A NON RENEWABLE RESOURCE OLIGOPOLY

Hassan Benchekroun and Ngo Long

Departmental Working Papers from McGill University, Department of Economics

Abstract: We investigate the effect of stock discovery on the profits of non-identical oligopolists. We show that a uniform addition to all stocks could harm firms that are originally larger than average. One conclusion that could be drawn from the results is that a new technology that leads to more efficient exploitation of the available resource is not necessarily welcomed by all firms.

JEL-codes: D43 L13 Q33 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2006-09
References: Add references at CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
https://edit.mcgill.ca/files/economics/thecurseof.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to edit.mcgill.ca:443 (A connection attempt failed because the connected party did not properly respond after a period of time, or established connection failed because connected host has failed to respond.)

Related works:
Journal Article: 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)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mcl:mclwop:2006-24

Access Statistics for this paper

More papers in Departmental Working Papers from McGill University, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Shama Rangwala ( this e-mail address is bad, please contact ).