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	Provedor de dados AgEcon (1) Autor Gerlagh, Reyer (1) Liski, Matti (1) Palavra-chave Alternative Fuels (1) D4 (1) D9 (1) Depletable Resources (1) Dynamic Bilateral Monopoly (1) Energy (1) Markov-Perfect Equilibrium (1) O33 (1) Oil Dependence (1) Q40 (1) Resource /Energy Economics and Policy (1) Mais... Tipo do documento Working or Discussion Paper (1) Ano 2008 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Strategic Resource Dependence AgEcon Gerlagh, Reyer; Liski, Matti. We consider a situation where an exhaustible-resource seller faces demand from a buyer who has a perfect substitute but there is a time-to-build delay for the substitute. We that find in this simple framework the basic implications of the Hotelling model (1931) are reversed: over time the stock declines but supplies increase up to the point where the buyer decides to switch. Under such a threat of demand change, the supply does not reflect the true current resource scarcity but leads to increased future scarcity, felt during the transition to the substitute supplies. The analysis suggests a perspective on costs of oil dependence. Tipo: Working or Discussion Paper Palavras-chave: Dynamic Bilateral Monopoly; Markov-Perfect Equilibrium; Depletable Resources; Energy; Alternative Fuels; Oil Dependence; Resource /Energy Economics and Policy; D4; D9; O33; Q40. Ano: 2008 URL: http://purl.umn.edu/44222 Registros recuperados: 1 Primeira ... 1 ... Última

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