Competition in markets for depletable resources with setup costs

Carolyn Fischer

doi:10.1007/s10640-004-1516-1

Competition in markets for depletable resources with setup costs

Carolyn Fischer^*

^*Corresponding author for this work

Spatial Economics

Research output: Contribution to Journal › Article › Academic › peer-review

Abstract

This paper analyzes the impact on exhaustible resource markets of setup costs, a sparsely analyzed category of nonconvex production technologies. This paper proves that, even under idealized circumstances for competition, a competitive equilibrium will fail to exist in the presence of setup costs, for any utility and cost functions such that a planner would exploit exhaustible resource pools sequentially.

Original language	English
Pages (from-to)	243-257
Number of pages	15
Journal	Environmental and Resource Economics
Volume	30
Issue number	3
DOIs	https://doi.org/10.1007/s10640-004-1516-1
Publication status	Published - 1 Mar 2005

Keywords

Competitive equilibrium
Natural resources
Non-convexities
Setup costs
Shutdown costs

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1007/s10640-004-1516-1

Handle.net

Persistent link

Cite this

@article{e535d9c1424446b4898f037b63815854,

title = "Competition in markets for depletable resources with setup costs",

abstract = "This paper analyzes the impact on exhaustible resource markets of setup costs, a sparsely analyzed category of nonconvex production technologies. This paper proves that, even under idealized circumstances for competition, a competitive equilibrium will fail to exist in the presence of setup costs, for any utility and cost functions such that a planner would exploit exhaustible resource pools sequentially.",

keywords = "Competitive equilibrium, Natural resources, Non-convexities, Setup costs, Shutdown costs",

author = "Carolyn Fischer",

year = "2005",

month = mar,

day = "1",

doi = "10.1007/s10640-004-1516-1",

language = "English",

volume = "30",

pages = "243--257",

journal = "Environmental and Resource Economics",

issn = "0924-6460",

publisher = "Springer Netherlands",

number = "3",

}

TY - JOUR

T1 - Competition in markets for depletable resources with setup costs

AU - Fischer, Carolyn

PY - 2005/3/1

Y1 - 2005/3/1

N2 - This paper analyzes the impact on exhaustible resource markets of setup costs, a sparsely analyzed category of nonconvex production technologies. This paper proves that, even under idealized circumstances for competition, a competitive equilibrium will fail to exist in the presence of setup costs, for any utility and cost functions such that a planner would exploit exhaustible resource pools sequentially.

AB - This paper analyzes the impact on exhaustible resource markets of setup costs, a sparsely analyzed category of nonconvex production technologies. This paper proves that, even under idealized circumstances for competition, a competitive equilibrium will fail to exist in the presence of setup costs, for any utility and cost functions such that a planner would exploit exhaustible resource pools sequentially.

KW - Competitive equilibrium

KW - Natural resources

KW - Non-convexities

KW - Setup costs

KW - Shutdown costs

UR - http://www.scopus.com/inward/record.url?scp=17644379117&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=17644379117&partnerID=8YFLogxK

U2 - 10.1007/s10640-004-1516-1

DO - 10.1007/s10640-004-1516-1

M3 - Article

AN - SCOPUS:17644379117

VL - 30

SP - 243

EP - 257

JO - Environmental and Resource Economics

JF - Environmental and Resource Economics

SN - 0924-6460

IS - 3

ER -

Competition in markets for depletable resources with setup costs

Abstract

Keywords

UN SDGs

Access to Document

Handle.net

Other files and links

Fingerprint

Cite this