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Product Differentiation

Jean J. Gabszewicz

in Strategic Interaction and Markets

Published in print:
2000
Published Online:
November 2003
ISBN:
9780198233411
eISBN:
9780191596292
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198233418.003.0004
Subject:
Economics and Finance, Microeconomics

Abandons the assumption of a homogenous product to tackle the problem of competition among firms selling differentiated products. First, the role product differentiation is studied in the monopoly ... More


Political Economy and the Marginal Cost Pricing Controversy

Jean‐Jacques Laffont

in Incentives and Political Economy

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199248681
eISBN:
9780191596575
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199248680.003.0006
Subject:
Economics and Finance, Microeconomics

This chapter traces the intellectual history of the marginal cost‐pricing rule from Adam Smith to Hotelling. A democratic game is modelled under imperfect information and incentive constraints and it ... More


Hotelling: Beyond the Wall of Scarcity

Christian de Perthuis and Pierre-André Jouvet

in Green Capital: A New Perspective on Growth

Published in print:
2015
Published Online:
May 2016
ISBN:
9780231171403
eISBN:
9780231540360
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231171403.003.0007
Subject:
Economics and Finance, Development, Growth, and Environmental

Systemic climate change risk is not taken into account by Hotelling rents, which traditionally price the scarcity of natural resources, thereby compelling economic agents to constantly push back the ... More


Resource Extraction and Backstop Technologies in General Equilibrium

Ngo Van Long and Frank Stähler

in Climate Policy and Nonrenewable Resources: The Green Paradox and Beyond

Published in print:
2014
Published Online:
January 2015
ISBN:
9780262027885
eISBN:
9780262319836
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262027885.003.0007
Subject:
Economics and Finance, Development, Growth, and Environmental

One might expect that innovation in clean energy must help in thebattle against global warming. Paradoxically, clean energy innovation maymake matters worse. This chapter offers a high-level ... More


Optimal Sequestration Policy with a Ceiling on the Stock of Carbon in the Atmosphere

Gilles Lafforgue, Bertrand Magné, and Michel Moreaux

in The Design of Climate Policy

Published in print:
2008
Published Online:
August 2013
ISBN:
9780262073028
eISBN:
9780262274500
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262073028.003.0014
Subject:
Environmental Science, Climate

This chapter is concerned with the optimal sequestration of carbon emissions. It analyzes a sequestration policy that implements a ceiling on the stock of carbon in the atmosphere. It also discusses ... More


Hotelling Conservation

Charles Perrings

in Conservation: Economics, Science, and Policy

Published in print:
2021
Published Online:
May 2021
ISBN:
9780190613600
eISBN:
9780190613648
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190613600.003.0003
Subject:
Economics and Finance, Public and Welfare

Chapter 3 explores the Hotelling theory of conservation. It shows how the Hotelling arbitrage condition provides a test for whether it is optimal to convert or conserve a resource in some state. If ... More


Sustainable Management of Natural Resource Wealth

Rick van der Ploeg

in National Wealth: What is Missing, Why it Matters

Published in print:
2017
Published Online:
October 2017
ISBN:
9780198803720
eISBN:
9780191844119
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198803720.003.0019
Subject:
Economics and Finance, International, Development, Growth, and Environmental

The principles of how best to manage the various components of national wealth are outlined, where the permanent income hypothesis, the Hotelling rule, and the Hartwick rule play a prominent role. A ... More


Speciation

Daniel Friedman and Barry Sinervo

in Evolutionary Games in Natural, Social, and Virtual Worlds

Published in print:
2016
Published Online:
August 2016
ISBN:
9780199981151
eISBN:
9780190466657
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199981151.003.0014
Subject:
Economics and Finance, Behavioural Economics

Chapter 14 meditates on the classic theme of speciation. It first presents the idea of evolutionary branching in adaptive dynamics. The chapter then treats morph loss in the rock-paper-scissors game ... More


Environmental Conservation and Environmental Change

Charles Perrings

in Conservation: Economics, Science, and Policy

Published in print:
2021
Published Online:
May 2021
ISBN:
9780190613600
eISBN:
9780190613648
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190613600.003.0001
Subject:
Economics and Finance, Public and Welfare

Chapter 1 introduces the content and structure of the book. It identifies the main characteristics of the Hotelling approach to conservation, and the nature of the conservation problems it can ... More


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