Morin-Chassé, Rémi; Herrmann, Markus - Centre de recherche en économie de l'environnement, de … - 2014
We identify two possible equilibrium configurations for a non-renewable resource duopoly in a discrete-time framework. For the purpose of illustration, we suppose initial endowments of firms that allow for a maximum of two extraction periods. In the first possible equilibrium, the duopoly exists...