IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-04500068.html
   My bibliography  Save this paper

Resource Mobility and Market Performance

Author

Listed:
  • Luca Colombo

    (ESC [Rennes] - ESC Rennes School of Business)

  • Paola Labrecciosa

    (ESSCA - School of Management)

Abstract

We derive a feedback equilibrium of an infinite-horizon dynamic Cournot game where production requires exploitation of a renewable mobile resource, such as migratory fish, wildlife, and groundwater. We study how a small increase in the resource mobility parameter (starting from a position of no resource mobility) impacts on the equilibrium and the associated consumer's surplus, firms' profits and social welfare. We show that consumer's surplus and social welfare increase in the short run but decrease in the long run, while firms' profits may either increase or decrease in the short run, depending on initial conditions, and increase in the long run. Over the entire planning horizon, both the discounted consumer's surplus and the discounted social welfare decrease, whereas the discounted profits increase. This result remains valid also in the presence of a per unit tax on extractio

Suggested Citation

  • Luca Colombo & Paola Labrecciosa, 2023. "Resource Mobility and Market Performance," Post-Print hal-04500068, HAL.
    • Handle: RePEc:hal:journl:hal-04500068
    DOI: 10.1007/s13235-023-00517-8
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-04500068. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.