Originally published in 1979. While the theory of non-renewable resources under competitive and monopolistic market regimes have been relatively well developed, almost no attention has been given to the development of a theoretical framework for analysis of the spectrum of mixed market structure between those extremes. The world oil market structure is an example of such an intermediate market structure. The purpose of this title is to develop such a theoretical framework. The study examines non-renewable resource markets in which a profit maximizing producer cartel co-exists with a non-cartel supply sector, which is alternately modelled as consisting of a collection of competitive firms or as exhibiting other exogenously assumed supply behaviours. This title will be of interest to students of environmental economics.
1. Introduction and Overview 2. One-Side Cartel Models – General and Special Case Versions 3. Dynamic Demand in a One-Sides Cartel Model 4. Two-Sided Cartel Models 5. Two-Sides Cartel Model – Elastic Demand, Constant Cost Resources 6. Two-Sides Cartel – Inelastic Demand, Alternate Resource Representatives 7. Summary of Results; References
The volumes in this set, originally published between 1972 and 2000, draw together research by leading academics in the area of environmental and natural resource economics, and provides a rigorous examination of related key issues. The volumes examine pollution control and policy, and renewable and non-renewable resource economics, whilst also exploring the general principles and practices of environmental economics in various countries. This set will be of particular interest to students of economics and geography.