Rare Earth Elements: A game between China and the rest of the world
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Gupta, Poonam, 1981. "An econometric model of the world cobalt industry," Kiel Working Papers 129, Kiel Institute for the World Economy (IfW Kiel).
- Berck, Peter & Perloff, Jeffrey M., 1988.
"The dynamic annihilation of a rational competitive fringe by a low-cost dominant firm,"
Journal of Economic Dynamics and Control, Elsevier, vol. 12(4), pages 659-678, November.
- Berck, Peter & Perloff, Jeffrey M, 1987. "The Dynamic Annihilation of a Rational Competitive Fringe by a Low-cost Dominant Firm," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt6926m79z, Department of Agricultural & Resource Economics, UC Berkeley.
- Berck, Peter & Perloff, Jeffrey M., 1987. "The dynamic annihilation of a rational competitive fringe by a low-cost dominant firm," CUDARE Working Papers 43636, University of California, Berkeley, Department of Agricultural and Resource Economics.
- Hanif D. Sherali & Allen L. Soyster & Frederic H. Murphy, 1983. "Stackelberg-Nash-Cournot Equilibria: Characterizations and Computations," Operations Research, INFORMS, vol. 31(2), pages 253-276, April.
- repec:bla:scandj:v:83:y:1981:i:2:p:318-33 is not listed on IDEAS
- Groot, Fons & Withagen, Cees & de Zeeuw, Aart, 2000.
"Open-loop von Stackelberg equilibrium in the cartel-vs.-fringe model,"
Energy Economics, Elsevier, vol. 22(2), pages 209-223, April.
- Groot, F. & Withagen, C.A.A.M. & de Zeeuw, A.J., 2000. "Open-loop von Stackelberg equilibrium in the cartel-vs.-fringe model," Other publications TiSEM dfbd8251-6ed5-4895-9cc5-6, Tilburg University, School of Economics and Management.
- Giovanni Di Bartolomeo & Marco Di Pietro & Enrico Saltari & Willi Semmler, 2018.
"Public debt stabilization: the relevance of policymakers’ time horizons,"
Public Choice, Springer, vol. 177(3), pages 287-299, December.
- Di Bartolomeo Giovanni & Di Pietro Marco & Semmler Willi, 2017. "Public debt stabilization: The relevance of policymakers’ time horizons," wp.comunite 00135, Department of Communication, University of Teramo.
- Enrico Saltari & Willi Semmler & Giovanni Di Bartolomeo, 2022.
"A Nash Equilibrium for Differential Games with Moving-Horizon Strategies,"
Computational Economics, Springer;Society for Computational Economics, vol. 60(3), pages 1041-1054, October.
- Enrico Saltari & Willi Semmler & Giovanni Di Bartolomeo, 2021. "A Nash Equilibrium for Differential Games with Moving-horizon Strategies," Working Papers in Public Economics 197, Department of Economics and Law, Sapienza University of Roma.
- Giovanni Di Bartolomeo & Willi Semmler & Enrico Saltari, 2022. "A Nash equilibrium for differential games with moving-horizon strategies," wp.comunite 00160, Department of Communication, University of Teramo.
- Mancheri, Nabeel A., 2015. "World trade in rare earths, Chinese export restrictions, and implications," Resources Policy, Elsevier, vol. 46(P2), pages 262-271.
- Semmler, Willi & Di Bartolomeo, Giovanni & Minooei Fard, Behnaz & Braga, Joao Paulo, 2022.
"Limit pricing and entry game of renewable energy firms into the energy sector,"
Structural Change and Economic Dynamics, Elsevier, vol. 61(C), pages 179-190.
- Willi Semmler & Giovanni Di Bartolomeo & Behnaz Minooei Fard & Joao Paulo Braga, 2021. "Limit Pricing and Entry Game of Renewable Energy Firms into the Energy Sector," Working Papers in Public Economics 200, Department of Economics and Law, Sapienza University of Roma.
- Willi Semmler & Giovanni Di Bartolomeo & Behnaz Minooei Fard & Joao Paulo Braga, 2022. "Limit Pricing and Entry Game of Renewable Energy Firms into the Energy Sector," wp.comunite 00158, Department of Communication, University of Teramo.
- Franz Wirl, 1991. "(Monopolistic) resource extraction and limit pricing: The market penetration of competitively produced synfuels," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 1(2), pages 157-178, June.
- Gaskins, Darius Jr., 1971. "Dynamic limit pricing: Optimal pricing under threat of entry," Journal of Economic Theory, Elsevier, vol. 3(3), pages 306-322, September.
- Yufeng Chen & Biao Zheng, 2019. "What Happens after the Rare Earth Crisis: A Systematic Literature Review," Sustainability, MDPI, vol. 11(5), pages 1-26, March.
- Groot, Fons & Withagen, Cees & de Zeeuw, Aart, 2003.
"Strong time-consistency in the cartel-versus-fringe model,"
Journal of Economic Dynamics and Control, Elsevier, vol. 28(2), pages 287-306, November.
- Groot, A.M. & Withagen, C.A.A.M. & de Zeeuw, A.J., 1996. "Strong Time-Consistency in the Cartel-versus-Fringe Model," Other publications TiSEM d6fb278a-1af5-4097-ae40-7, Tilburg University, School of Economics and Management.
- Groot, F. & Withagen, C.A.A.M. & de Zeeuw, A.J., 2003. "Strong time-consistency in the cartel-versus-fringe model," Other publications TiSEM 5ba46a2e-d763-4a8c-939b-3, Tilburg University, School of Economics and Management.
- Groot, A.M. & Withagen, C.A.A.M. & de Zeeuw, A.J., 1996. "Strong Time-Consistency in the Cartel-versus-Fringe Model," Discussion Paper 1996-22, Tilburg University, Center for Economic Research.
- van der Meijden, Gerard & Withagen, Cees, 2020. "Monopoly, unilateral climate policies and limit pricing," Journal of Economic Dynamics and Control, Elsevier, vol. 120(C).
- Partha Dasgupta & Richard J. Gilbert & Joseph E. Stiglitz, 1982. "Invention and Innovation Under Alternative Market Structures: The Case of Natural Resources," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 49(4), pages 567-582.
- Massari, Stefania & Ruberti, Marcello, 2013. "Rare earth elements as critical raw materials: Focus on international markets and future strategies," Resources Policy, Elsevier, vol. 38(1), pages 36-43.
- Tracy R. Lewis & Richard Schmalensee, 1980.
"On Oligopolistic Markets for Nonrenewable Natural Resources,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 95(3), pages 475-491.
- Lewis, Tracy R. & Schmalensee, Richard., 1979. "On oligopolistic markets for nonrenewable natural resources," Working papers 1052-79., Massachusetts Institute of Technology (MIT), Sloan School of Management.
- Stephen W. Salant, 1982.
"Imperfect Competition in the International Energy Market: A Computerized Nash-Cournot Model,"
Operations Research, INFORMS, vol. 30(2), pages 252-280, April.
- Salant, Stephen W., 1982. "Imperfect competition in the international energy market: a computerized Nash-Cournot model," MPRA Paper 12021, University Library of Munich, Germany.
- Jong-Shi Pang & Masao Fukushima, 2005. "Quasi-variational inequalities, generalized Nash equilibria, and multi-leader-follower games," Computational Management Science, Springer, vol. 2(1), pages 21-56, January.
- Klossek, Polina & Kullik, Jakob & van den Boogaart, Karl Gerald, 2016. "A systemic approach to the problems of the rare earth market," Resources Policy, Elsevier, vol. 50(C), pages 131-140.
- van den Broek, W. A., 2002. "Moving horizon control in dynamic games," Journal of Economic Dynamics and Control, Elsevier, vol. 26(6), pages 937-961, June.
- Pindyck, Robert S, 1978. "Gains to Producers from the Cartelization of Exhaustible Resources," The Review of Economics and Statistics, MIT Press, vol. 60(2), pages 238-251, May.
- Groot, Fons & Withagen, Cees & de Zeeuw, Aart, 1992.
"Note on the Open-Loop von Stackelberg Equilibrium in the Cartel versus Fringe Model,"
Economic Journal, Royal Economic Society, vol. 102(415), pages 1478-1484, November.
- Groot, F. & Withagen, C.A.A.M. & de Zeeuw, A.J., 1993. "Note on the open-loop von Stackelberg equilibrium in the cartel versus fringe model," Other publications TiSEM 33ea10de-f6f7-4657-ba4a-2, Tilburg University, School of Economics and Management.
- Gilbert, Richard J. & Goldman, Steven M., 1978. "Potential competition and the monopoly price of an exhaustible resource," Journal of Economic Theory, Elsevier, vol. 17(2), pages 319-331, April.
- Alfred Greiner & Willi Semmler & Tobias Mette, 2012. "An Economic Model of Oil Exploration and Extraction," Computational Economics, Springer;Society for Computational Economics, vol. 40(4), pages 387-399, December.
- Judd, Kenneth L. & Petersen, Bruce C., 1986.
"Dynamic limit pricing and internal finance,"
Journal of Economic Theory, Elsevier, vol. 39(2), pages 368-399, August.
- Kenneth L. Judd & Bruce C. Petersen, 1984. "Dynamic Limit Pricing and Internal Finance," Discussion Papers 603S, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Han, Aiping & Ge, Jianping & Lei, Yalin, 2015. "An adjustment in regulation policies and its effects on market supply: Game analysis for China’s rare earths," Resources Policy, Elsevier, vol. 46(P2), pages 30-42.
- Newbery, David M G, 1981. "Oil Prices, Cartels, and the Problem of Dynamic Inconsistency," Economic Journal, Royal Economic Society, vol. 91(363), pages 617-646, September.
- Di Bartolomeo, Giovanni & Minooei Fard, Behnaz & Semmler, Willi, 2023.
"Greenhouse gases mitigation: global externalities and short-termism,"
Environment and Development Economics, Cambridge University Press, vol. 28(3), pages 230-241, June.
- Giovanni Di Bartolomeo & Behnaz Minooei Fard & Willi Semmler, 2021. "Greenhouse gases mitigation: Global externalities and short termism," Working Papers in Public Economics 196, Department of Economics and Law, Sapienza University of Roma.
- Willi Semmler & Giovanni Di Bartolomeo & Behnaz Minooei Fard, 2022. "Greenhouse gases mitigation: global externalities and short-termism," wp.comunite 00159, Department of Communication, University of Teramo.
- Harold Hotelling, 1931. "The Economics of Exhaustible Resources," Journal of Political Economy, University of Chicago Press, vol. 39(2), pages 137-137.
- Salant, Stephen W, 1976. "Exhaustible Resources and Industrial Structure: A Nash-Cournot Approach to the World Oil Market," Journal of Political Economy, University of Chicago Press, vol. 84(5), pages 1079-1093, October.
- Henckens, M.L.C.M. & van Ierland, E.C. & Driessen, P.P.J. & Worrell, E., 2016. "Mineral resources: Geological scarcity, market price trends, and future generations," Resources Policy, Elsevier, vol. 49(C), pages 102-111.
- Stiglitz, Joseph E. & Dasgupta, Partha, 1982. "Market structure and resource depletion: A contribution to the theory of intertemporal monopolistic competition," Journal of Economic Theory, Elsevier, vol. 28(1), pages 128-164, October.
- Grüne, Lars & Semmler, Willi & Stieler, Marleen, 2015.
"Using nonlinear model predictive control for dynamic decision problems in economics,"
Journal of Economic Dynamics and Control, Elsevier, vol. 60(C), pages 112-133.
- Willi Semmler & Lars Grüne & Marleen Stieler, 2013. "Using Nonlinear Model Predictive Control for Dynamic Decision Problems in Economics," EcoMod2013 5782, EcoMod.
- Packey, Daniel J. & Kingsnorth, Dudley, 2016. "The impact of unregulated ionic clay rare earth mining in China," Resources Policy, Elsevier, vol. 48(C), pages 112-116.
- Gupta, Poonam & Gupta, Sanjeev, 1983. "World demand for cobalt : An econometric study," Resources Policy, Elsevier, vol. 9(4), pages 261-274, December.
- Dasgupta, Partha & Stiglitz, Joseph, 1981. "Resource Depletion under Technological Uncertainty," Econometrica, Econometric Society, vol. 49(1), pages 85-104, January.
- Schlinkert, Dominik & van den Boogaart, Karl Gerald, 2015. "The development of the market for rare earth elements: Insights from economic theory," Resources Policy, Elsevier, vol. 46(P2), pages 272-280.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Semmler, Willi & Di Bartolomeo, Giovanni & Minooei Fard, Behnaz & Braga, Joao Paulo, 2022.
"Limit pricing and entry game of renewable energy firms into the energy sector,"
Structural Change and Economic Dynamics, Elsevier, vol. 61(C), pages 179-190.
- Willi Semmler & Giovanni Di Bartolomeo & Behnaz Minooei Fard & Joao Paulo Braga, 2021. "Limit Pricing and Entry Game of Renewable Energy Firms into the Energy Sector," Working Papers in Public Economics 200, Department of Economics and Law, Sapienza University of Roma.
- Willi Semmler & Giovanni Di Bartolomeo & Behnaz Minooei Fard & Joao Paulo Braga, 2022. "Limit Pricing and Entry Game of Renewable Energy Firms into the Energy Sector," wp.comunite 00158, Department of Communication, University of Teramo.
- Wan, Rui & Boyce, John R., 2014. "Non-renewable resource Stackelberg games," Resource and Energy Economics, Elsevier, vol. 37(C), pages 102-121.
- Luisito Bertinelli & Stéphane Poncin & Benteng Zou, 2019. "The War of Rare Earth Elements: A Dynamic Game Approach," DEM Discussion Paper Series 19-11, Department of Economics at the University of Luxembourg.
- Groot, Fons & Withagen, Cees & de Zeeuw, Aart, 2003.
"Strong time-consistency in the cartel-versus-fringe model,"
Journal of Economic Dynamics and Control, Elsevier, vol. 28(2), pages 287-306, November.
- Groot, A.M. & Withagen, C.A.A.M. & de Zeeuw, A.J., 1996. "Strong Time-Consistency in the Cartel-versus-Fringe Model," Discussion Paper 1996-22, Tilburg University, Center for Economic Research.
- Groot, F. & Withagen, C.A.A.M. & de Zeeuw, A.J., 2003. "Strong time-consistency in the cartel-versus-fringe model," Other publications TiSEM 5ba46a2e-d763-4a8c-939b-3, Tilburg University, School of Economics and Management.
- Groot, A.M. & Withagen, C.A.A.M. & de Zeeuw, A.J., 1996. "Strong Time-Consistency in the Cartel-versus-Fringe Model," Other publications TiSEM d6fb278a-1af5-4097-ae40-7, Tilburg University, School of Economics and Management.
- Benchekroun, Hassan & Gaudet, Gerard & Van Long, Ngo, 2006.
"Temporary natural resource cartels,"
Journal of Environmental Economics and Management, Elsevier, vol. 52(3), pages 663-674, November.
- BENCHEKROUN, Hassan & GAUDET, Gérard & LONG, Ngo Van, 2004. "Temporary Natural Resource Cartels," Cahiers de recherche 03-2004, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- BENCHEKROUN, Hassan & GAUDET, Gérard & LONG, Ngo Van, 2004. "Temporary Natural Resource Cartels," Cahiers de recherche 2004-02, Universite de Montreal, Departement de sciences economiques.
- Ngo Long, 2011. "Dynamic Games in the Economics of Natural Resources: A Survey," Dynamic Games and Applications, Springer, vol. 1(1), pages 115-148, March.
- Zili Yang, 2013. "Is the Leading Role Desirable?: A Simulation Analysis of the Stackelberg Behavior in World Petroleum Market," Computational Economics, Springer;Society for Computational Economics, vol. 42(1), pages 133-150, June.
- Groot, Fons & Withagen, Cees & de Zeeuw, Aart, 2000.
"Open-loop von Stackelberg equilibrium in the cartel-vs.-fringe model,"
Energy Economics, Elsevier, vol. 22(2), pages 209-223, April.
- Groot, F. & Withagen, C.A.A.M. & de Zeeuw, A.J., 2000. "Open-loop von Stackelberg equilibrium in the cartel-vs.-fringe model," Other publications TiSEM dfbd8251-6ed5-4895-9cc5-6, Tilburg University, School of Economics and Management.
- Okullo, Samuel J. & Reynès, Frédéric, 2016.
"Imperfect cartelization in OPEC,"
Energy Economics, Elsevier, vol. 60(C), pages 333-344.
- Okullo, Samuel & Reynes, F., 2016. "Imperfect Cartelization in OPEC," Discussion Paper 2016-011, Tilburg University, Center for Economic Research.
- Benchekroun, Hassan & van der Meijden, Gerard & Withagen, Cees, 2019. "An oligopoly-fringe non-renewable resource game in the presence of a renewable substitute," Journal of Economic Dynamics and Control, Elsevier, vol. 105(C), pages 1-20.
- Gérard Gaudet, 2007.
"Natural resource economics under the rule of Hotelling,"
Canadian Journal of Economics, Canadian Economics Association, vol. 40(4), pages 1033-1059, November.
- Gérard Gaudet, 2007. "Natural resource economics under the rule of Hotelling," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 40(4), pages 1033-1059, November.
- Boyce, John R. & Vojtassak, Lucia, 2008. "An 'oil'igopoly theory of exploration," Resource and Energy Economics, Elsevier, vol. 30(3), pages 428-454, August.
- Benchekroun, Hassan & Breton, Michèle & Chaudhuri, Amrita Ray, 2019.
"Mergers in nonrenewable resource oligopolies and environmental policies,"
European Economic Review, Elsevier, vol. 111(C), pages 35-52.
- Ray Chaudhuri, A. & Benchekroun, H. & Breton, Michele, 2018. "Mergers in Nonrenewable Resource Oligopolies and Environmental Policies," Discussion Paper 2018-030, Tilburg University, Center for Economic Research.
- Ray Chaudhuri, A. & Benchekroun, H. & Breton, Michele, 2018. "Mergers in Nonrenewable Resource Oligopolies and Environmental Policies," Other publications TiSEM 0900f396-d440-4db5-9102-a, Tilburg University, School of Economics and Management.
- Hassan BENCHEKROUN & Michèle BRETON & Amrita RAY CHAUDHURI, 2018. "Mergers in Nonrenewable Resource Oligopolies and Environmental Policies," Cahiers de recherche 18-2018, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Benchekroun, Hassan & Withagen, Cees, 2012.
"On price taking behavior in a nonrenewable resource cartel–fringe game,"
Games and Economic Behavior, Elsevier, vol. 76(2), pages 355-374.
- BENCHEKROUN, Hassan & WITHAGEN, Cees, 2010. "On Price Taking Behavior in a Nonrenewable Resource Cartel-Fringe Game," Cahiers de recherche 11-2010, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Hassan Benchekroun & Cees Withagen, 2011. "On Price Taking Behavior in a Nonrenewable Resrouce Cartel-Fringe Game," OxCarre Working Papers 080, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- Hassan Benchekroun & Cees Withagen, 2010. "On Price Taking Behavior In A Nonrenewable Resource Cartel-Fringe Game," Departmental Working Papers 2010-02, McGill University, Department of Economics.
- Yufeng Chen & Biao Zheng, 2019. "What Happens after the Rare Earth Crisis: A Systematic Literature Review," Sustainability, MDPI, vol. 11(5), pages 1-26, March.
- Benchekroun, Hassan & Halsema, Alex & Withagen, Cees, 2009.
"On nonrenewable resource oligopolies: The asymmetric case,"
Journal of Economic Dynamics and Control, Elsevier, vol. 33(11), pages 1867-1879, November.
- BENCHEKROUN, Hassan & HALSEMA, Alex & WITHAGEN, Cees, 2008. "On Nonrenewable Resource Oligopolies : The Asymmetric Case," Cahiers de recherche 13-2008, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Sweeney, James L., 1993. "Economic theory of depletable resources: An introduction," Handbook of Natural Resource and Energy Economics, in: A. V. Kneese† & J. L. Sweeney (ed.), Handbook of Natural Resource and Energy Economics, edition 1, volume 3, chapter 17, pages 759-854, Elsevier.
- Cees Withagen, 1998. "Untested Hypotheses in Non-Renewable Resource Economics," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 11(3), pages 623-634, April.
- Berthod, Mathias & Benchekroun, Hassan, 2019. "On agreements in a nonrenewable resource market: A cooperative differential game approach," Journal of Economic Dynamics and Control, Elsevier, vol. 98(C), pages 23-39.
- Benchekroun, Hassan & Withagen, Cees, 2012.
"On price taking behavior in a nonrenewable resource cartel–fringe game,"
Games and Economic Behavior, Elsevier, vol. 76(2), pages 355-374.
- BENCHEKROUN, Hassan & WITHAGEN, Cees, 2008. "Nonrenewable Resource Oligopolies and the Cartel-Fringe Game," Cahiers de recherche 14-2008, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Hassan Benchekroun & Cees Withagen, 2008. "Nonrenewable Resource Oligopolies And The Cartel-Fringe Game," Departmental Working Papers 2008-02, McGill University, Department of Economics.
More about this item
Keywords
Rare earth elements; differential games; non-linear model predictive control;All these keywords.
JEL classification:
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
- C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
- Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CNA-2023-03-06 (China)
- NEP-COM-2023-03-06 (Industrial Competition)
- NEP-ENE-2023-03-06 (Energy Economics)
- NEP-GTH-2023-03-06 (Game Theory)
Statistics
Access and download statisticsCorrections
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:sap:wpaper:wp235. 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.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Luisa Giuriato (email available below). General contact details of provider: https://ecodir.web.uniroma1.it/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.