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Control Number310376
Date and Time of Latest Transaction20150706092856.AM
General Information150706s |||||||||b ||00|||
Cataloging SourceSTII-DOST
Local Call NumberScienceDirect
Main Entry - Personal NameHalsema, Alex
 Benchekroun, Hassan
 Withagen, Cees
Title StatementWhen additional resource stocks reduce welfare by Hassan Benchekroun, Alex Halsema and Cees Withagen
Physical Descriptionpages 109-114 computer file; text; 184kb
Summary, Etc.In the dominant firm model, we show that an increase of the fringe's reserves of a nonrenewable resource may lead to a decrease in aggregate discounted social welfare. This happens when the difference between the fringe's extraction cost and the dominant firm's is positive and large enough. We also show that welfare might decrease if the fringe's marginal extraction cost decreases
Subject Added Entry - Topical TermSocial sciences
 Nonrenewable resources
 Dominant firm versus fringe
 Nash equilibrium
LocationDOST STII ScienceDirect NONPRINTS PR 14-15083 1 14-15083 Online/Download 2010-11-18
  
     
 
Physical Location
Department of Science and Technology
Science and Technology Information InstituteScienceDirect
  
     
 
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