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Rational Expectations With Market Power- The Paradox Of The Disadvantageous Tariff On Oil

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  • Maskin, Eric
  • Newbery, David

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.
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Suggested Citation

  • Maskin, Eric & Newbery, David, 1978. "Rational Expectations With Market Power- The Paradox Of The Disadvantageous Tariff On Oil," Economic Research Papers 269027, University of Warwick - Department of Economics.
    • Handle: RePEc:ags:uwarer:269027
    DOI: 10.22004/ag.econ.269027
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    Cited by:

    1. Christian Beermann, 2015. "Climate Policy and the Intertemporal Supply of Fossil Resources," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 62.
    2. Van Der Ploeg, F., 1987. "Inefficiency of credible strategies in oligopolistic resource markets with uncertainty," Journal of Economic Dynamics and Control, Elsevier, vol. 11(1), pages 123-145, March.
    3. Lawrence H. Goulder & Marc S. Robinson, 1982. "Synfuels: Justifications for and Consequences of Government Intervention," UCLA Economics Working Papers 272, UCLA Department of Economics.
    4. Lawrence H. Goulder & Marc S. Robinson, 1985. "Synfuels Production, Exhaustible Resources and Monopsony Power," UCLA Economics Working Papers 378, UCLA Department of Economics.

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