Do oil producers act as 'oil'igopolists?

Article Abstract:

An oligopoly model of exhaustable resource extraction is examined in light of data derived from oil industry data. Results from the analysis are supportive of the oligopoly theory and indicate that producers with large reserves have lower production costs and a lower ratio of cumulativeproduction compared to producers with smaller reserves. The pattern derived from the model is consistent with data from 73 countries and 400 US oil producing companies.

Crude petroleum and natural gas, Petroleum and Petroleum Products, Petroleum industry, Organization of the Petroleum Exporting Countries, Oligopolies

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Entry deterrence and signaling in a nonrenewable resource model

Article Abstract:

A nonrenewable resource model is analyzed where incumbents face entry from rivals, and necessary conditions for pooling and separating perfect Bayesian equilibria are characterized.

Models, Environmental engineering, Nonrenewable natural resources, Nonrenewable resources

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Diversity, productivity and temporal stability in the economics of humans and nature

Article Abstract:

The relationship between productivity of ecosystems, the efficiency of resource use, temporal variability of productivity and diversity, and human economics are analyzed.

United States, Economic Programs, Administration of Economic Programs, Analysis, Economic policy, Ecosystems

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