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

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

doi:10.1016/S0140-9883(99)00029-8

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 Journal › Article › Academic › peer-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 language	English
Pages (from-to)	209-223
Journal	Energy Economics
Volume	22
DOIs	https://doi.org/10.1016/S0140-9883(99)00029-8
Publication status	Published - 2000

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title = "Open-loop von Stackelberg equilibrium in the cartel-vs.-fringe model",

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.",

author = "A.M. Groot and C.A.A.M. Withagen and {de Zeeuw}, A.J.",

year = "2000",

doi = "10.1016/S0140-9883(99)00029-8",

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AU - Withagen, C.A.A.M.

AU - de Zeeuw, A.J.

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Y1 - 2000

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AB - 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.

U2 - 10.1016/S0140-9883(99)00029-8

DO - 10.1016/S0140-9883(99)00029-8

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SP - 209

EP - 223

JO - Energy Economics

JF - Energy Economics

SN - 0140-9883

ER -

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

Abstract

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