Fiche du document
2019
- handle: 10670/1.4a62je
- hal: hal-01905045
- doi: 10.1007/s10640-018-0293-1
- WOS: 000477586600008
Ce document est lié à :
info:eu-repo/semantics/altIdentifier/doi/10.1007/s10640-018-0293-1
info:eu-repo/semantics/OpenAccess
Mots-clés
Recycling Ramsey formula Entry Exhaustible resource Hotelling rule D - Microeconomics/D.D4 - Market Structure, Pricing, and Design/D.D4.D40 - General L - Industrial Organization/L.L1 - Market Structure, Firm Strategy, and Market Performance/L.L1.L13 - Oligopoly and Other Imperfect Markets Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q3 - Nonrenewable Resources and Conservation/Q.Q3.Q30 - GeneralSujets proches
Industrial economics Market structureCiter ce document
Bocar Samba Ba et al., « Is Recycling a Threat or an Opportunity for the Extractor of an Exhaustible Resource? », HAL-SHS : économie et finance, ID : 10.1007/s10640-018-0293-1
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Résumé
We examine the best extraction strategies for the provider of an exhaustible resource that can be recycled. In a two-period model of resource extraction, the extractor faces prospective entry by a recycler that incurs a fixed cost to produce a perfect substitute of the virgin resource. Its entry is an opportunity or a threat for the extractor, depending on whether it maximizes social welfare or its own revenue. Our results highlight how prospective recycling modifies the Hotelling rule. We characterize various entry possibilities. The benevolent extractor may accommodate or promote recycling, while the self-interested extractor may accommodate or deter recycling.