Monopoly extraction of a nonrenewable resource facing capacity constrained renewable competition
نویسندگان
چکیده
This paper studies monopoly extraction of a nonrenewable resource with the presence of a competitively supplied capacity constrained renewable substitute. The monopolist staves off the renewable supply when the latter becomes competitive and then lets the resource price jump up. © 2013 Elsevier B.V. All rights reserved.
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