Monopoly extraction of an exhaustible resource with two markets

被引：7
|
作者：
Fischer, C [1 ]
Laxminarayan, R [1 ]
机构：
[1] Resources Future Inc, Washington, DC 20036 USA
来源：
CANADIAN JOURNAL OF ECONOMICS-REVUE CANADIENNE D ECONOMIQUE | 2004年 / 37卷 / 01期
关键词：
D O I：
10.1111/j.0008-4085.2004.009_1.x
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Although much has been written about monopoly extraction of natural resources, the case of a resource being sold in two separate markets has escaped notice. We find that a monopolist facing two different iso-elastic demand schedules extracts more rapidly than the social planner, whether or not arbitrage prevents price discrimination between markets.
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页码：178 / 188
页数：11
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