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Market Structure and Resource Extraction Under Uncertainty

Stiglitz, Joseph E.; Dasgupta, Partha

Examines the extraction rate of natural resource under alternative market structure. Categorization of competitive market structures; Comparison between price of limited competition market with pure monopoly market; Association between highest price and duopoly.

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Scandinavian Journal of Economics

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Academic Units
Economics
Published Here
May 1, 2013