Open-loop von Stackelberg equilibrium in the cartel-versus-fringe model

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

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

Open-loop von Stackelberg equilibrium in the cartel-versus-fringe model

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

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

7 Citations (Scopus)

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.

Original language	English
Pages (from-to)	209-223
Number of pages	15
Journal	Energy Economics
Volume	22
Issue number	2
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-versus-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.",

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

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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.

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

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

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EP - 223

JO - Energy Economics

JF - Energy Economics

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Open-loop von Stackelberg equilibrium in the cartel-versus-fringe model

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