Anmerkungen:
In: Canadian Journal of Economics, Vol. 37, No. 1, pp. 178-188, February 2004
Beschreibung:
Although much has been written about monopoly extraction of natural resources, the case of a resource being sold in two separate markets has escaped notice. We find that a monopolist facing two different iso-elastic demand schedules extracts more rapidly than the social planner, whether or not arbitrage prevents price discrimination between markets