IDEAS home Printed from
   My bibliography  Save this paper

Rational Expectations with Market Power - The Paradox of the Disadvantageous Tariff on Oil


  • Maskin, Eric
  • Newbery, David


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.

Suggested Citation

  • Maskin, Eric & Newbery, David, 1978. "Rational Expectations with Market Power - The Paradox of the Disadvantageous Tariff on Oil," The Warwick Economics Research Paper Series (TWERPS) 129, University of Warwick, Department of Economics.
  • Handle: RePEc:wrk:warwec:129

    Download full text from publisher

    File URL:
    Download Restriction: no

    Other versions of this item:


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Christian Beermann, 2015. "Climate Policy and the Intertemporal Supply of Fossil Resources," ifo Beitr├Ąge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 62, January.

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wrk:warwec:129. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Margaret Nash). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.