@article{Hartwick:275214,
      recid = {275214},
      author = {Hartwick, John M. and Sadorsky, Perry},
      title = {Duopoly in Exhaustible Resource Exploration and  Extraction},
      address = {1988-06},
      number = {2118-2018-4626},
      series = {IER No. 721},
      pages = {20},
      year = {1988},
      abstract = {Strategic considerations of exploration and extraction are  investigated in a two player, two period, two stage perfect  equilibrium framework. Relative to two "plant" monopoly,  the duopolists explore more and extract more period by  period. A mixed game in which there is co-operation  "upstream" in exploration and Cournot competition  "downstream" in quantities extracted is investigated. We  also note that increasing returns to scale in exploration  can introduce an unstable interior solution with a corner  solution the presumed stable equilibrium.},
      url = {http://ageconsearch.umn.edu/record/275214},
      doi = {https://doi.org/10.22004/ag.econ.275214},
}