THE CURSE OF WINDFALL GAINS IN A NON RENEWABLE RESOURCE OLIGOPOLY
Hassan Benchekroun () and
Departmental Working Papers from McGill University, Department of Economics
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)
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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)
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Persistent link: https://EconPapers.repec.org/RePEc:mcl:mclwop:2006-24
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