On comparing monopoly and competition in exhaustible resource exploitation
AbstractIt Is Widely Believed That Exhaustible Resource Monopolies Do Not Enjoy As Much Market Power As Standard Non Resource Monopolies, and May Even Produce in a Socially Optimum Way. We Argue That This Paradoxical Result Arises From an Inappropriate Comparison Methodology. When Similar Assumptions Are Applied to the Resource, and the Conventional, Cases, We Show That the Resource Monopoly Behaves As Expected, I.E. Restricts Supply.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Environmental Economics and Management.
Volume (Year): 15 (1988)
Issue (Month): 4 (December)
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Web page: http://www.elsevier.com/locate/inca/622870
Other versions of this item:
- Gaudet, G. & Lasserre, P., 1986. "On Comparing Monopoly and Competition in Exhaustible Resource Exploitation," Cahiers de recherche 8601, Universite de Montreal, Departement de sciences economiques.
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