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Industrial Competition
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When OPEC Leads and the Fringe Follows: A Climate Story
https://d.repec.org/n?u=RePEc:tin:wpaper:20260030&r=&r=com
Published: June 11, 2026 00:00
We study how market power, leadership, and commitment affect oil extraction and climate outcomes in a cartel-fringe model with renewables and a backstop technology. Comparing competitive, Nash-Cournot, open-loop, and feedback von Stackelberg equilibria, we…