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Bibliographic Data
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310376
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20150706092856.AM
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$aSTII-DOST
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$aScienceDirect
100
1#
$aHalsema, Alex
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$aBenchekroun, Hassan
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$a Withagen, Cees
245
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$aWhen additional resource stocks reduce welfare$cby Hassan Benchekroun, Alex Halsema and Cees Withagen
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$aAmsterdam$bElsevier Inc.$c2009
300
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$apages 109-114$bcomputer file; text; 184kb
504
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$aIncludes bibliographical references
520
3#
$aIn the dominant firm model, we show that an increase of the fringe's reserves of a nonrenewable resource may lead to a decrease in aggregate discounted social welfare. This happens when the difference between the fringe's extraction cost and the dominant firm's is positive and large enough. We also show that welfare might decrease if the fringe's marginal extraction cost decreases.
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$aSocial sciences
650
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$aNonrenewable resources
650
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$aDominant firm versus fringe
650
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$aNash equilibrium
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$aDOST$bSTII$hScienceDirect$jNONPRINTS$kPR$p14-15083$t1$x14-15083$yOnline/Download$12010-11-18
991
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$wNONPRINTS
  
     
 
Physical Location
Department of Science and Technology
Science and Technology Information InstituteScienceDirect
  
     
 
Digital Copy
Not Available
  
     
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