Open-loop von Stackelberg equilibrium in the cartel-vs.-fringe model

A.M. Groot, C.A.A.M. Withagen, A.J. de Zeeuw

Research output: Contribution to JournalArticleAcademicpeer-review

Abstract

In this paper the binding-contracts open-loop von Stackelberg equilibrium in the cartel-vs.-fringe model of the supply side of a market for a raw material from an exhaustible natural resource is reconsidered. It is shown that the equilibrium for this model differs from what the previous literature on this model suggests. In particular, the equilibrium price trajectory can display discontinuities. (C) 2000 Elsevier Science B.V. All rights reserved.
Original languageEnglish
Pages (from-to)209-223
JournalEnergy Economics
Volume22
DOIs
Publication statusPublished - 2000

Fingerprint Dive into the research topics of 'Open-loop von Stackelberg equilibrium in the cartel-vs.-fringe model'. Together they form a unique fingerprint.

  • Cite this