Consumers' Demand for Natural Resources Impacts Oligopolistic Firms' Exploitation Strategies
The article explores how companies compete to use a natural resource in a game setting. The researchers created a model to find the best strategies for these companies. They found that consumers' demand for the resource depends on how much of it is left. They also looked at how taxes affect the outcome. In the end, they found the best ways for companies to work together or separately to use the resource.