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On the Oligopolistic Extraction of Non-renewable Common-Pool Resources

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  • Bolle, Friedel

Abstract

In recent literature the extraction of common-pool resources ha s been discussed under the aspect of whether or not they can be used efficiently when a finite number of agents has access to the resource. The objective of this paper is the derivation of a necessary equilibrium condition in a simple model. This condition has severe consequences for existence propositions in papers of M.C. Kemp and N.V. Long_(1980), J. McMillan and H.W. Sinn_(1984), and J.F. Reinganum and N.L. Stokey_(1985). Copyright 1986 by The Review of Economic Studies Limited.

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  • Bolle, Friedel, 1986. "On the Oligopolistic Extraction of Non-renewable Common-Pool Resources," Economica, London School of Economics and Political Science, vol. 53(212), pages 519-527, November.
    • Handle: RePEc:bla:econom:v:53:y:1986:i:212:p:519-27
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    Cited by:

    1. Sébastien Rouillon, 2014. "Do Social Status Seeking Behaviors Worsen the Tragedy of the Commons?," Dynamic Games and Applications, Springer, vol. 4(1), pages 73-94, March.
    2. 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".
    3. Hassan Benchekroun & Ngo Van Long, 2001. "Leader and Follower: A Differential Game Model," CIRANO Working Papers 2001s-08, CIRANO.
    4. Karp, Larry, 1992. "Efficiency Inducing Tax for a Common Property Oligopoly," Economic Journal, Royal Economic Society, vol. 102(411), pages 321-332, March.
    5. Wirl, Franz, 2010. "Dynamic demand and noncompetitive intertemporal output adjustments," International Journal of Industrial Organization, Elsevier, vol. 28(3), pages 220-229, May.
    6. 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.
    7. 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.
    8. Tan, Jonathan H.W. & Breitmoser, Yves & Bolle, Friedel, 2015. "Voluntary contributions by consent or dissent," Games and Economic Behavior, Elsevier, vol. 92(C), pages 106-121.
    9. Jongwook Kim & Joseph T. Mahoney, 2002. "Resource-based and property rights perspectives on value creation: the case of oil field unitization," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 23(4-5), pages 225-245.

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