Competitive, monopolistic and efficient utilization of an exhaustible resource in the presence of habit-formation effects and stock dependent costs

M. Gross; Z. Lieber

doi:10.1016/0165-1765(84)90015-6

Competitive, monopolistic and efficient utilization of an exhaustible resource in the presence of habit-formation effects and stock dependent costs

M. Gross^*, Z. Lieber

^*Corresponding author for this work

Coller School of Management

Research output: Contribution to journal › Article › peer-review

Abstract

The letter investigates the utilization of an exhaustible resource under perfect competition and monopoly, and compares monopolistic and competitive depletion patterns with those under social surplus maximization. Demand and costs are assumed to depend on current as well as accumulated output.

Original language	English
Pages (from-to)	383-388
Number of pages	6
Journal	Economics Letters
Volume	14
Issue number	4
DOIs	https://doi.org/10.1016/0165-1765(84)90015-6
State	Published - 1984

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title = "Competitive, monopolistic and efficient utilization of an exhaustible resource in the presence of habit-formation effects and stock dependent costs",

abstract = "The letter investigates the utilization of an exhaustible resource under perfect competition and monopoly, and compares monopolistic and competitive depletion patterns with those under social surplus maximization. Demand and costs are assumed to depend on current as well as accumulated output.",

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Competitive, monopolistic and efficient utilization of an exhaustible resource in the presence of habit-formation effects and stock dependent costs

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