Resource economists model the patterns of use of exhaustible resources such as oil, and renewable ones such as timber, that might emerge from different market structures: how, for example, oil would be priced and produced in a competitive world market, contrasted with the outcome under various forms of imperfect competition, including resource cartels like OPEC.
(Resource economists; model; the patterns of use of exhaustible resources such as oil) (timber; might emerge; from different market structures) (oil; would be priced; ) (oil; produced; L:in a competitive world market) (a competitive world market; contrasted; with the outcome under various forms of imperfect competition, including resource cartels like OPEC)
Resource economists timber oil oil a competitive world market
model might emerge would be priced produced contrasted
the patterns of use of exhaustible resources such as oil
from different market structures
L:in a competitive world market
with the outcome under various forms of imperfect competition, including resource cartels like OPEC