Rational Expectations with Market Power - The Paradox of the Disadvantageous Tariff on Oil
Eric Maskin and
David M Newbery ()
The Warwick Economics Research Paper Series (TWERPS) from University of Warwick, Department of Economics
The theoretical analysis of exaustible resources has to date largely ignored the "geo-political realities" which preoccupy policy makers and has concentrated on the logically prior problem of analyzing market equilibrium in an autarkic economy. Autarky is a useful framework for the study of competitive equilibrium but is ill-suited to analyze the taxation of those exhaustible resources which are traded between large sovereign nationan-states.
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https://warwick.ac.uk/fac/soc/economics/research/w ... 78-1988/twerp129.pdf
Working Paper: RATIONAL EXPECTATIONS WITH MARKET POWER- THE PARADOX OF THE DISADVANTAGEOUS TARIFF ON OIL (1978)
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Persistent link: https://EconPapers.repec.org/RePEc:wrk:warwec:129
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