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 |
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Pages (from-to) | 383-388 |
Number of pages | 6 |
Journal | Economics Letters |
Volume | 14 |
Issue number | 4 |
DOIs | |
State | Published - 1984 |