TY - JOUR
T1 - Monopoly extraction of an exhaustible resource with two markets
AU - Fischer, Carolyn
AU - Laxminarayan, Ramanan
PY - 2004/2
Y1 - 2004/2
N2 - 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.
AB - 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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U2 - 10.1111/j.0008-4085.2004.009_1.x
DO - 10.1111/j.0008-4085.2004.009_1.x
M3 - Article
AN - SCOPUS:1942475302
SN - 0008-4085
VL - 37
SP - 178
EP - 188
JO - Canadian Journal of Economics
JF - Canadian Journal of Economics
IS - 1
ER -