Marz, Waldemar; Pfeiffer, Johannes - ifo Leibniz-Institut für Wirtschaftsforschung an der … - 2015
We analyze monopoly power in a market for a complementary fossil resource like oil in a twocountry/two period model with international trade in general equilibrium. Focusing on thecomplex interplay of capital and resource market, we elaborate how these effects feed backinto the resource...