| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Monopoly Extraction of an Exhaustible Resource with Two Markets
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| Autores: |
Fischer, Carolyn
Laxminarayan, Ramanan
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| Data: |
2005-10-26
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| Ano: |
2004
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| Palavras-chave: |
Exhaustible resources
Monopoly
Markets
Price discrimination
Environmental Economics and Policy
D42
Q3
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| Resumo: |
Although much has been written about the implications of monopoly power for the rate of extraction of natural resources, the specific case in which the resource can be sold in two markets with different elasticities of demand has escaped notice. We find that a monopolist facing two markets with differing iso-elastic demand schedules extracts more rapidly than the social planner, whether or not arbitrage prevents price discrimination between markets. This analysis is relevant in the case of many resources -such as natural gas used for power generation and household heating, or petroleum used for making plastics and as fuel.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
18707
http://purl.umn.edu/10704
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| Editor: |
AgEcon Search
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| Relação: |
Resources for the Future>Discussion Papers
Discussion Paper 04-08
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| Formato: |
15
application/pdf
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