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- W337643003 abstract "This chapter introduces some models of oligopolistic markets for finite, nonrenewable depletable natural resources. Only oligopolistic models with a game theoretical approach are analyzed. A distinction is made between models with discrete time parameter and with continuous time parameter on the one hand, and between closed-loop controls and open-loop controls on the other hand. In case of closed-loop controls each oligopolist or player can redecide on his future strategy in considering the state of the game at each instant of time. In case of open-loop control the players can “only have a look at the watch”, i.e. they cannot reconsider the state of the game and consequently they have to fix their strategies at initial time for the whole period under consideration.KeywordsNash EquilibriumExtraction RateDifferential GameExhaustible ResourcePrice PathThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves." @default.
- W337643003 created "2016-06-24" @default.
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- W337643003 date "1986-01-01" @default.
- W337643003 modified "2023-09-23" @default.
- W337643003 title "Dynamic Models of Resource Extraction and Duopolistic Markets" @default.
- W337643003 doi "https://doi.org/10.1007/978-3-642-48922-8_4" @default.
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