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

Table 1

The first three rows present the Nash, Walras, and collusive quantities for each period. The fourth row gives the average production quantity for a level-0 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)	24.29	24.29	24.29	24.29	24.29	24.29
	59	48	35	22	6	0
	45	39	34	26	20	6
	52	44	34	24	13	3
	48	41	34	26	16	5
	50	43	34	24	15	4
	49	42	34	26	15	4
	50	42	34	25	15	4