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~institution:"Department of Agricultural and Resource Economics, University of California-Berkeley"
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Equilibrium selection
1
almost common knowledge
1
common knowledge
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economic growth
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exhaustible resource
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existence of competitive equilibrium
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history versus expectations
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non-convex technology
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nonconvex costs
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Karp, Larry
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Fisher, Anthony C.
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Department of Agricultural and Resource Economics, University of California-Berkeley
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Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
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Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series
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Fundamentals versus Beliefs under Almost Common Knowledge
Karp, Larry
-
Department of Agricultural and Resource Economics, …
-
2000
Persistent link: https://www.econbiz.de/10010537415
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2
Nonconvexity, Efficiency and Equilibrium in Exhaustible Resource Depletion
Fisher, Anthony C.
;
Karp, Larry
-
Department of Agricultural and Resource Economics, …
-
1991
resource markets where extraction costs are
nonconvex
. The existence of a backstop technology (which induces a flat portion of …
Persistent link: https://www.econbiz.de/10010537479
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