Monopolists follow a specific extraction and royalty time path for non-renewable resources
Economic literature explicitly models and confirms that monopolists follow specific extraction and royalty time paths when managing non-renewable resources, utilizing optimal control frameworks to balance primary extraction and market dynamics.
The claim states that monopolists follow a specific extraction and royalty time path for non-renewable resources. Papers 8 and 11 explicitly analyze monopolistic extraction models, optimal control paths, and dynamic resource management strategies. The remaining papers discuss different topics (such as technological change, copper markets, gold extraction empirical tests, or unrelated machine learning/routing topics) and do not refute the economic theory of monopolistic extraction paths. Therefore, the claim is supported.
Bocar Samba Ba. Recycling and natural resource extraction: Insights from monopoly and social planner perspectives. 2025. https://doi.org/10.21511/ee.16(3).2025.10
Paper 8 investigates optimal extraction strategies and dynamics for monopolists managing natural resources alongside recycling sectors.
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E. Fossas, A. Corominas. Using optimal control to optimize the extraction rate of a durable non-renewable resource with a monopolistic primary supplier. 2021. https://doi.org/10.3934/jimo.2021110
Paper 11 uses optimal control theory to model the explicit extraction rate and royalty time path for monopolistic suppliers of non-renewable resources.
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