19927 6 107190 2 324817 document 107190 10.3934_environsci.2024030.pdf application/pdf c171a2fc3519cf56233a5cc5e816cccf MD5 392083 2024-08-09 09:31:16 https://pure.iiasa.ac.at/id/eprint/19927/1/10.3934_environsci.2024030.pdf 19927 1 1 application/pdf text en public cc_by_4

10.3934_environsci.2024030.pdf

published 107191 2 324823 document 107191 lightbox.jpg image/png 8d25ef46f315ec6399fb8ba4e6e7ceaf MD5 43239 2024-08-09 09:41:27 https://pure.iiasa.ac.at/id/eprint/19927/2/lightbox.jpg 19927 2 2 image/png other Thumbnails conversion from text to thumbnail_lightbox en public

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/107190 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/107190 http://eprints.org/relation/ispreviewThumbnailVersionOf https://pure.iiasa.ac.at/id/document/107190 107193 2 324825 document 107193 medium.jpg image/png 9db0bdf3112832f36f2acf4fb558f435 MD5 7861 2024-08-09 09:41:29 https://pure.iiasa.ac.at/id/eprint/19927/4/medium.jpg 19927 4 4 image/png other Thumbnails conversion from text to thumbnail_medium en public

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/107190 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/107190 http://eprints.org/relation/isIndexCodesVersionOf https://pure.iiasa.ac.at/id/document/107190 archive 353 disk0/00/01/99/27 2024-08-09 09:34:08 2024-08-09 09:34:23 2024-08-09 09:34:08 article show Feichtinger G. 1555 Lambertini L. Leitmann G. Wrzaczek S. 9380 pub ASA EM EF nonrenewable resources, drilling, cournot nash equilibrium, differential games, oligopoly We consider a resource extraction model with the possibility of extending the resource stock by drilling efforts and an oligopolistic competition of symmetric firms. Assuming a hyperbolic market demand, we adopt the open-loop Nash equilibrium to analyze and compare the outcomes of a private vs a common resource pool. For both cases, the drilling efforts of the individual firms strongly depend on the market structure. For a low competition, the efforts increase the number of firms, and the opposite is true for a high competition. On the other hand, aggregate drilling efforts are different among the two types of pools and are opposite to Schumpeterian's hypothesis (i.e., they are either an inverted U-shaped (private pools) or strictly increasing (single pools)). 2024-07-31 published doi:10.3934/environsci.2024030 2589 3362 public AIMS Environmental Science 11 4 610-627 TRUE 2372-0352 info:eu-repo/semantics/article