An Analysis of Cartelized Market Structures for Nonrenewable Resources [Paperback]

Originally published in 1979. While the theory of non-renewable resources under competitive and monopolistic market regimes have been relatively well developed, almost no attention has been given to the development of a theoretical framework for analysis of the spectrum of mixed market structure between those extremes. The world oil market structure is an example of such an intermediate market structure. The purpose of this title is to develop such a theoretical framework. The study examines non-renewable resource markets in which a profit maximizing producer cartel co-exists with a non-cartel supply sector, which is alternately modelled as consisting of a collection of competitive firms or as exhibiting other exogenously assumed supply behaviours. This title will be of interest to students of environmental economics.

1. Introduction and Overview  2. One-Side Cartel Models  General and Special Case Versions  3. Dynamic Demand in a One-Sides Cartel Model  4. Two-Sided Cartel Models  5. Two-Sides Cartel Model  Elastic Demand, Constant Cost Resources  6. Two-Sides Cartel  Inelastic Demand, Alternate Resource Representatives  7. Summary of Results;  References

Originally published in 1979. While the theory of non-renewable resources under competitive and monopolistic market regimes have been relatively well developed, almost no attention has been given to the development of a theoretical framework for analysis of the spectrum of mixed market structure between those extremes. The world oil market structure is an example of such an intermediate market structure. The purpose of this title is to develop such a theoretical framework.