Monopoly Extraction of an Exhaustible Ressource under Alternative Backstop Technology Entry Dates

Melese, François
(1981) , 12 pages

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  • Melese, FrançoisUCLouvain
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Abstract
(en) It is shown that when a backstop technology is developed guaranteeing negligible post-entry demand for an exhaustible resource, specifically accounting for the inequalities on the positivity restriction and exhaustibility constraint when a resource monopolist faces alternative backstop entry dates results in a number of extraction profiles, each of which is optimal.
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Melese, F. (1981). Monopoly Extraction of an Exhaustible Ressource under Alternative Backstop Technology Entry Dates (Working Papers Institut des sciences économiques 8105). https://hdl.handle.net/2078.5/278830