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The Quadratic Oil Extraction Oligopoly

John Hartwick

No 1095, Working Paper from Economics Department, Queen's University

Abstract: Each extractor has a distinct quadratic extraction cost and faces a linear industry demand schedule. We observe that the open loop and closed loop solutions are the same if initial stocks are such that each competitor is extracting in every period in which her competitors are extracting.

Keywords: oligopoly extractors; closed loop solution (search for similar items in EconPapers)
JEL-codes: D43 Q32 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2006-09
New Economics Papers: this item is included in nep-ene, nep-ind and nep-mic
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Downloads: (external link) First version 2006 (application/pdf)

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Journal Article: The quadratic oil extraction oligopoly (2008) Downloads
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