haku: @author Laxminarayan, R. / yhteensä: 4
viite: 2 / 4
| 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. |
SCIMA