A Theory of Price Caps on Non-Renewable Resources
收藏NBER2023-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w31347
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资源简介：
What is the optimal response of an exhaustible resource producer to sanctions in the form of a price cap? This paper develops a dynamic framework incorporating stochastic prices, financial frictions, and market power to study this novel tool of statecraft. A binding price cap can incentivize
提供机构：
美国国家经济研究局
创建时间：
2023-06-01
