Abstract
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.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 178-188 |
| Number of pages | 11 |
| Journal | Canadian Journal of Economics |
| Volume | 37 |
| Issue number | 1 |
| DOIs | |
| State | Published - Feb 2004 |
All Science Journal Classification (ASJC) codes
- Economics and Econometrics
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