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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

Abstract: 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.

Date: 1978
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Working Paper: RATIONAL EXPECTATIONS WITH MARKET POWER- THE PARADOX OF THE DISADVANTAGEOUS TARIFF ON OIL (1978) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:wrk:warwec:129

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