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- W2009207913 abstract "In most studies about extraction or price paths of an exhaustible resource the market structure has been either monopolistic or purely competitive. This paper will attack the oligopolistic market problem by a game theoretical approach. For this reason a continuous time model is chosen, i.e. the market is described by a nonzero-sum differential game.The players (oligopolists) can only control the extraction rate, and a fixed time horizon T is assumed. The solution concept is the noncooperative one of Nash-Cournot, and all results are obtained by open-loop control. The equilibrium points are computed numerically (if necessary) by a first order gradient algorithm. The results are discussed with respect to price behaviour and/or whether a complete exploitation is reached within a finite time." @default.
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- W2009207913 date "1974-01-01" @default.
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- W2009207913 title "A time-series cross-section model of emergency admissions to hospitals" @default.
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- W2009207913 doi "https://doi.org/10.1016/0090-5720(74)90012-6" @default.
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