Strategic Uncertainty in Markets for Nonrenewable Resources: A Level- Approach

Table 2

The first three rows present the Nash, Walras, and collusive quantities for each period as in Table 1. The fourth row gives the average production quantity for the alternative definition of level- for each period. The remaining rows give the trajectories for different level- players.

Nash	50	42	34	25	15	4
Walras	62	49	35	20	4	0
Collusion	43	38	32	26	19	12
(average)	85	42.5	21.25	10.63	5.31	2.67
	32	42	40	32	20	4
	58	42	31	22	13	4
	45	42	36	27	16	4
	52	42	33	24	15	4
	48	42	35	26	15	4
	50	42	34	25	15	4