Abstract
In this chapter we will discuss some models of the problem of how to sell an exhaustible resource either by exactly one supplier (monopolist) or by many suppliers (pure competition). The objective of all decision makers is to maximize profit over a certain time interval with possibly infinite horizon. All informations about the demand of the resource and its remaining amount are assumed to be given.
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© 1986 Springer-Verlag Berlin Heidelberg
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Schäfer, M. (1986). Dynamic Models of Resource Extraction in Markets of Monopoly or Pure Competition with Full Information. In: Resource Extraction and Market Structure. Lecture Notes in Economics and Mathematical Systems, vol 263. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-48922-8_1
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DOI: https://doi.org/10.1007/978-3-642-48922-8_1
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-16081-6
Online ISBN: 978-3-642-48922-8
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