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Oligopoly Extraction of a Common Property Natural Resource: The Importance of the Period of Commitment in Dynamic Games

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Cited by:

  1. Jacob Engwerda, 2007. "Algorithms for computing Nash equilibria in deterministic LQ games," Computational Management Science, Springer, vol. 4(2), pages 113-140, April.
  2. Reinhard Neck, 1986. "Kann Stabilisierungspolitik unter Unsicherheit und Risiko "optimal" sein?," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 122(III), pages 509-534, September.
  3. Chander, Parkash & Wooders, Myrna, 2020. "Subgame-perfect cooperation in an extensive game," Journal of Economic Theory, Elsevier, vol. 187(C).
  4. Costello, Christopher & Quérou, Nicolas & Tomini, Agnes, 2017. "Private eradication of mobile public bads," European Economic Review, Elsevier, vol. 94(C), pages 23-44.
  5. Datta, Manjira & Mirman, Leonard J., 1999. "Externalities, Market Power, and Resource Extraction," Journal of Environmental Economics and Management, Elsevier, vol. 37(3), pages 233-255, May.
  6. Luca Lambertini, 2014. "Exploration For Nonrenewable Resources In A Dynamic Oligopoly: An Arrovian Result," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 16(02), pages 1-11.
  7. Gaston Giordana & Marc Willinger, 2013. "Fixed instruments to cope with stock externalities: an experimental evaluation," Chapters, in: John A. List & Michael K. Price (ed.), Handbook on Experimental Economics and the Environment, chapter 13, pages 367-403, Edward Elgar Publishing.
  8. Colombo, Luca & Labrecciosa, Paola, 2019. "Stackelberg versus Cournot: A differential game approach," Journal of Economic Dynamics and Control, Elsevier, vol. 101(C), pages 239-261.
  9. Tenryu, Yohei, 2013. "The Role of the Private Sector under Insecure Property Rights," MPRA Paper 74893, University Library of Munich, Germany, revised 27 Oct 2016.
  10. Quérou, Nicolas & Tomini, Agnes & Costello, Christopher, 2022. "Limited‐tenure concessions for collective goods," Journal of Economic Dynamics and Control, Elsevier, vol. 143(C).
  11. Vernasca, Gianluigi, 2003. "Dynamic Price Competition with Price Adjustment Costs and Product Differentiation," Economic Research Papers 269565, University of Warwick - Department of Economics.
  12. Ligon, Ethan & Narain, Urvashi, 1997. "Government Management of Village Commons: Evaluating Joint Forest Management," CUDARE Working Papers 198655, University of California, Berkeley, Department of Agricultural and Resource Economics.
  13. Berk, Istemi, 2015. "Two-Period Resource Duopoly with Endogenous Intertemporal Capacity Constraints," EWI Working Papers 2014-13, Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI).
  14. Bruno Nkuiya, 2012. "The Effects of the Length of the Period of Commitment on the Size of Stable International Environmental Agreements," Dynamic Games and Applications, Springer, vol. 2(4), pages 411-430, December.
  15. Benchekroun, Hassan & Withagen, Cees, 2012. "On price taking behavior in a nonrenewable resource cartel–fringe game," Games and Economic Behavior, Elsevier, vol. 76(2), pages 355-374.
  16. Gerhard Sorger, 1997. "Markov-perfect Nash equilibria in a class of resource games," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 11(1), pages 79-100.
  17. Robin Brooks & Michael Murray & Stephen Salant & Jill C. Weise, 1999. "When Is the Standard Analysis of Common Property Extraction under Free Access Correct? A Game-Theoretic Justification for Non-Game-Theoretic Analyses," Journal of Political Economy, University of Chicago Press, vol. 107(4), pages 843-858, August.
  18. Kenji Fujiwara & Ngo Long, 2011. "Welfare Implications of Leadership in a Resource Market under Bilateral Monopoly," Dynamic Games and Applications, Springer, vol. 1(4), pages 479-497, December.
  19. Jorgensen, Steffen & Kort, Peter M. & Van Schijndel, Geert-Jan C. Th., 1989. "Optimal investment, financing, and dividends : A stackelberg differential game," Journal of Economic Dynamics and Control, Elsevier, vol. 13(3), pages 339-377, July.
  20. Gianluigi Vernasca, 2003. "Dynamic Price Competition with Price Adjustment Costs and Product Differentiation," Working Papers 2003.120, Fondazione Eni Enrico Mattei.
  21. Nancy L. Stokey, 1984. "The Dynamics of Industry-Wide Learning," Discussion Papers 629, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  22. Sweeney, James L., 1993. "Economic theory of depletable resources: An introduction," Handbook of Natural Resource and Energy Economics, in: A. V. Kneese† & J. L. Sweeney (ed.), Handbook of Natural Resource and Energy Economics, edition 1, volume 3, chapter 17, pages 759-854, Elsevier.
  23. Frederick Ploeg & Aart Zeeuw, 1992. "International aspects of pollution control," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 2(2), pages 117-139, March.
  24. AMIR, Rabah, 2001. "Stochastic games in economics and related fields: an overview," LIDAM Discussion Papers CORE 2001060, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  25. Benchekroun, Hassan & Breton, Michèle & Chaudhuri, Amrita Ray, 2019. "Mergers in nonrenewable resource oligopolies and environmental policies," European Economic Review, Elsevier, vol. 111(C), pages 35-52.
  26. S. Kostyunin & A. Palestini & E. Shevkoplyas, 2014. "On a Nonrenewable Resource Extraction Game Played by Asymmetric Firms," Journal of Optimization Theory and Applications, Springer, vol. 163(2), pages 660-673, November.
  27. Herr, Andrew & Gardner, Roy & Walker, James M., 1997. "An Experimental Study of Time-Independent and Time-Dependent Externalities in the Commons," Games and Economic Behavior, Elsevier, vol. 19(1), pages 77-96, April.
  28. Ricardo Josa-Fombellida & Juan Pablo Rincón-Zapatero, 2018. "Stochastic Differential Games for Which the Open-Loop Equilibrium is Subgame Perfect," Dynamic Games and Applications, Springer, vol. 8(2), pages 379-400, June.
  29. Karp, Larry & Perloff, Jeffrey M, 1988. "Dynamic Oligopoly: Estimation and Tests of Market Structure," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt7fk1119n, Department of Agricultural & Resource Economics, UC Berkeley.
  30. Ligon, Ethan & Narain, Urvashi, 1999. "Government Management of Village Commons: Comparing Two Forest Policies," Journal of Environmental Economics and Management, Elsevier, vol. 37(3), pages 272-289, May.
  31. Sandal, Leif K. & Steinshamn, Stein I., 2004. "Dynamic Cournot-competitive harvesting of a common pool resource," Journal of Economic Dynamics and Control, Elsevier, vol. 28(9), pages 1781-1799, July.
  32. Akhil Rao & Giacomo Rondina, 2022. "The Economics of Orbit Use: Open Access, External Costs, and Runaway Debris Growth," Papers 2202.07442, arXiv.org, revised Aug 2023.
  33. Fershtman, Chaim, 1988. "Fixed Rules and Decision Rules: Time Consistency and Subgame Perfection," Foerder Institute for Economic Research Working Papers 275442, Tel-Aviv University > Foerder Institute for Economic Research.
  34. Charles Morcom & Michael Kremer, 2000. "Elephants," American Economic Review, American Economic Association, vol. 90(1), pages 212-234, March.
    • Michael Kremer & Charles Morcom, 1996. "Elephants," NBER Working Papers 5674, National Bureau of Economic Research, Inc.
    • Kremer, M. & Morcom, C., 1996. "Elephants," Working papers 96-17, Massachusetts Institute of Technology (MIT), Department of Economics.
  35. Colombo, Luca & Labrecciosa, Paola, 2015. "On the Markovian efficiency of Bertrand and Cournot equilibria," Journal of Economic Theory, Elsevier, vol. 155(C), pages 332-358.
  36. Rubio, Santiago J. & Casino, Begona, 2001. "Competitive versus efficient extraction of a common property resource: The groundwater case," Journal of Economic Dynamics and Control, Elsevier, vol. 25(8), pages 1117-1137, August.
  37. Colombo, Luca & Labrecciosa, Paola, 2018. "Consumer surplus-enhancing cooperation in a natural resource oligopoly," Journal of Environmental Economics and Management, Elsevier, vol. 92(C), pages 185-193.
  38. José Daniel López-Barrientos & Ekaterina Viktorovna Gromova & Ekaterina Sergeevna Miroshnichenko, 2020. "Resource Exploitation in a Stochastic Horizon under Two Parametric Interpretations," Mathematics, MDPI, vol. 8(7), pages 1-29, July.
  39. Ricardo Josa-Fombellida & Juan Rincón-Zapatero, 2015. "Euler–Lagrange equations of stochastic differential games: application to a game of a productive asset," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 59(1), pages 61-108, May.
  40. Santiago J. Rubio Jorge & Begoña Casino, 1997. "Strategic behavior and efficiency in a groundwater pumping differential game," Working Papers. Serie EC 1997-18, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  41. Laussel, Didier & Long, Ngo Van & Resende, Joana, 2020. "Quality and price personalization under customer recognition: A dynamic monopoly model with contrasting equilibria," Journal of Economic Dynamics and Control, Elsevier, vol. 114(C).
  42. Boyce, John R. & Vojtassak, Lucia, 2008. "An 'oil'igopoly theory of exploration," Resource and Energy Economics, Elsevier, vol. 30(3), pages 428-454, August.
  43. Luisito Bertinelli & Amer Tabakovic & Luca Marchiori & Benteng Zou, 2015. "Transboundary Pollution Abatement: The Impact of Unilateral Commitment in Differential Games," DEM Discussion Paper Series 15-02, Department of Economics at the University of Luxembourg.
  44. Anabela Botelho & Ariel Dinar & Lígia Costa Pinto & Amnon Rapoport, 2014. "Time and uncertainty in resource dilemmas: equilibrium solutions and experimental results," Experimental Economics, Springer;Economic Science Association, vol. 17(4), pages 649-672, December.
  45. Kolstad, Charles D., 2000. "Energy and Depletable Resources: Economics and Policy, 1973-1998," Journal of Environmental Economics and Management, Elsevier, vol. 39(3), pages 282-305, May.
  46. Thomas, Jonathan P., 1988. "Cartel stability in an exhaustible resource model," Discussion Papers, Series II 61, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
  47. Dana G. Popescu & Sridhar Seshadri, 2013. "Demand Uncertainty and Excess Supply in Commodity Contracting," Management Science, INFORMS, vol. 59(9), pages 2135-2152, September.
  48. Karp, Larry, 1992. "Efficiency Inducing Tax for a Common Property Oligopoly," Economic Journal, Royal Economic Society, vol. 102(411), pages 321-332, March.
  49. Colombo, Luca & Labrecciosa, Paola, 2022. "Product quality differentiation in a renewable resource oligopoly," Journal of Environmental Economics and Management, Elsevier, vol. 111(C).
  50. Colombo, Luca & Labrecciosa, Paola, 2013. "On the convergence to the Cournot equilibrium in a productive asset oligopoly," Journal of Mathematical Economics, Elsevier, vol. 49(6), pages 441-445.
  51. Albert, Jason, 2021. "Strategic dynamics of antibiotic use and the evolution of antibiotic-resistant infections," International Journal of Industrial Organization, Elsevier, vol. 77(C).
  52. Benchekroun, Hassan & Withagen, Cees, 2012. "On price taking behavior in a nonrenewable resource cartel–fringe game," Games and Economic Behavior, Elsevier, vol. 76(2), pages 355-374.
  53. 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.
  54. Rasmus Noss, Bang & Trellevik, Lars-Kristian Lunde, 2022. "Transition to Marine Mining?," Discussion Papers 2022/9, Norwegian School of Economics, Department of Business and Management Science.
  55. van den Berg, Anita & Bos, Iwan & Herings, P. Jean-Jacques & Peters, Hans, 2012. "Dynamic Cournot duopoly with intertemporal capacity constraints," International Journal of Industrial Organization, Elsevier, vol. 30(2), pages 174-192.
  56. Vernasca, Gianluigi, 2003. "Dynamic Price Competition With Price Adjustment Costs And Product Differentiation," The Warwick Economics Research Paper Series (TWERPS) 681, University of Warwick, Department of Economics.
  57. Driskill, Robert, 2001. "Durable goods oligopoly," International Journal of Industrial Organization, Elsevier, vol. 19(3-4), pages 391-413, March.
  58. Jakša Cvitanić & George Georgiadis, 2016. "Achieving Efficiency in Dynamic Contribution Games," American Economic Journal: Microeconomics, American Economic Association, vol. 8(4), pages 309-342, November.
  59. Kasa, Kenneth, 1998. "Optimal policy with limited commitment," Journal of Economic Dynamics and Control, Elsevier, vol. 22(6), pages 887-910, June.
  60. Espínola-Arredondo, Ana & Muñoz-García, Félix, 2011. "Can incomplete information lead to under-exploitation in the commons?," Journal of Environmental Economics and Management, Elsevier, vol. 62(3), pages 402-413.
  61. Reinhard Neck & Engelbert Dockner, 1995. "Commitment and coordination in a dynamic game model of international economic policy-making," Open Economies Review, Springer, vol. 6(1), pages 5-28, January.
  62. Rasmus Noss Bang & Lars-Kristian Lunde Trellevik, 2023. "Reserve-dependent capital efficiency, cross-sector competition, and mineral security considerations in mineral industry transition," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 36(3), pages 383-400, September.
  63. Yohei Tenryu, 2017. "The role of the private sector under insecure property rights," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 64(3), pages 285-311, September.
  64. Karp, Larry, 1992. "Social Welfare in a Common Property Oligopoly," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 33(2), pages 353-372, May.
  65. Caleb M. Koch & Heinrich H. Nax, 2022. "Groundwater Usage and Strategic Complements: Part I (Instrumental Variables)," Games, MDPI, vol. 13(5), pages 1-19, October.
  66. Dockner, Engelbert J. & Kaitala, Veijo, 1989. "On efficient equilibrium solutions in dynamic games of resource management," Resources and Energy, Elsevier, vol. 11(1), pages 23-34, March.
  67. Bulte, Erwin H. & Horan, Richard D., 2003. "Habitat conservation, wildlife extraction and agricultural expansion," Journal of Environmental Economics and Management, Elsevier, vol. 45(1), pages 109-127, January.
  68. Colombo, Luca & Labrecciosa, Paola, 2013. "Oligopoly exploitation of a private property productive asset," Journal of Economic Dynamics and Control, Elsevier, vol. 37(4), pages 838-853.
  69. Ngo Long, 2011. "Dynamic Games in the Economics of Natural Resources: A Survey," Dynamic Games and Applications, Springer, vol. 1(1), pages 115-148, March.
  70. Bertrand Crettez, 1994. "Cohérence temporelle des politiques économiques dans un modèle avec équation d'anticipation," Revue Économique, Programme National Persée, vol. 45(4), pages 989-1008.
  71. Frederick Ploeg, 2011. "Rapacious Resource Depletion, Excessive Investment and Insecure Property Rights: A Puzzle," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 48(1), pages 105-128, January.
  72. Janmaat, John, 2008. "Playing monopoly in the creek: Imperfect competition, development, and in-stream flows," Resource and Energy Economics, Elsevier, vol. 30(3), pages 455-473, August.
  73. Didier Laussel & Ngo Van Long & Joana Resende, 2019. "Quality and Price Personalization under Customer Recognition: A Dynamic Monopoly Model," CIRANO Working Papers 2019s-03, CIRANO.
  74. Crabbé, Philippe, 1990. "Les économistes doivent-ils se mettre au vert?," L'Actualité Economique, Société Canadienne de Science Economique, vol. 66(3), pages 285-304, septembre.
  75. Burness, H. Stuart & Brill, Thomas C., 2001. "The role for policy in common pool groundwater use," Resource and Energy Economics, Elsevier, vol. 23(1), pages 19-40, January.
  76. Rintaro Yamaguchi, 2021. "Genuine Savings and Sustainability with Resource Diffusion," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 80(2), pages 451-471, October.
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  78. Mohr, Ernst, 1985. "Appropriation of common access natural resources through exploration: A differential game of a claiming rush," Discussion Papers, Series I 206, University of Konstanz, Department of Economics.
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  80. Becker, Nir & Easter, K. William, 1990. "Dynamic Supply From A Common Property Resource: Water Diversions From The Great Lakes," Staff Papers 13683, University of Minnesota, Department of Applied Economics.
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