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- W2004103165 abstract "Abstract A dynamic programming model of mineral exploration and extraction is developed in order to examine the effects of market structure on exhaustible-resource industries. It is found that firms with market power rationally spend less on mineral exploration than would otherwise identical competitive firms, since the discovery of additional reserves has a detrimental effect on future prices which will be ignored by competitive firms." @default.
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- W2004103165 date "1979-01-01" @default.
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- W2004103165 title "Market structure and the search for exhaustible resources" @default.
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- W2004103165 doi "https://doi.org/10.1016/0165-1765(79)90210-6" @default.
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