Showing 1 - 7 of 7
This paper offers an overview of the literature discussing oligopoly games in which polluti ng emissions are generated by the supply of goods requiring a natural resource as an input. An analytical summary of the main features of the interplay between pollution and resource extraction is then...
Persistent link: https://www.econbiz.de/10011716016
A well established dynamic model describing the impact of oligopolistic interaction on a renewable resource is revisited here to illustrate its dual interpretation as a waste removal differential game. The regulatory implications are illustrated by assuming that the public agency may control...
Persistent link: https://www.econbiz.de/10011674489
We extend Fujiwara's (2008) model to describe a differential oligopoly game of resource extraction under static, linear feedback and nonlinear feedback strategies, generalising his result that steady state feedback outputs are lower than monopoly and static oligopoly equilibrium outputs for any...
Persistent link: https://www.econbiz.de/10011730432
We revisit the debate on the optimal number of firms in the commons in a differential oligopoly game in which firms are either quantity-or price-setting agents. Production exploits a natural resource and involves a negative externality. We calculate the number of firms maximising industry...
Persistent link: https://www.econbiz.de/10011731525
We adopt a stepwise approach to the analysis of a dynamic oligopoly game in which production makes use of a natural resource and pollutes the environment, starting with simple models where firms' output is not a function of the natural resource to end up with a full-fledged model in which (i)...
Persistent link: https://www.econbiz.de/10011735092
We revisit Fujiwaraís (2008) differential duopoly game to show that the degenerate nonlinear feedback identified by the tangency point with the stationary state line is indeed unstable, given the dynamics of the natural resource exploited by firms. To do so, we fully characterise the continuum...
Persistent link: https://www.econbiz.de/10011705644
We reformulate the Verhulst-Lotka-Volterra model of natural resource extraction under the alternative assumptions of Cournot behaviour and perfect competition, to revisit the tragedy of commons vs the possibility of sustainable harvesting. We stress the different impact of demand elasticity on...
Persistent link: https://www.econbiz.de/10011819343