haku: @indexterm Non-renewable resources / yhteensä: 22
viite: 7 / 22
Tekijä: | Fischer, C. Laxminarayan, R. |
Otsikko: | Sequential development and exploitation of an exhaustible resource: do monopoly rights promote conservation? |
Lehti: | Journal of Environmental Economics and Management
2005 : MAY, VOL. 49:3, p. 500-515 |
Asiasana: | inventions MONOPOLY natural resources non-renewable resources |
Kieli: | eng |
Tiivistelmä: | This paper investigates the problem of sequential exploitation of exhaustible resources by a monopolist, when a setup cost must be incurred to access the next pool. Under certain ciscumstances, the monopolist will always follow a more conservationist path of extraction and delay the introduction of new resource pools compared to a social planner. However, it is shown that with other forms of consumer demand, the monopolist may exhaust the resource more quickly, especially if many new options will follow. |
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