On the optimal order of natural resource use when the capacity of the inexhaustible substitute is limited

DOI10.1006/jeth.1998.2399zbMath0911.90096OpenAlexW2168952886MaRDI QIDQ1270074

Jean-Pierre Amigues, Gérard Gaudet, Pascal Favard, Michel Moreaux

Publication date: 5 May 1999

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://semanticscholar.org/paper/3fa104ace9e4259fc13565a11884c1ada2a3fcf1

zbMATH Keywords

extractionexhaustible resourceinexhaustible perfect substitute

Mathematics Subject Classification ID

Application models in control theory (93C95) Economic growth models (91B62) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Related Items (9)

On the optimal accumulation of renewable energy generation capacity ⋮ Equilibrium transitions from non-renewable energy to renewable energy under capacity constraints ⋮ Discontinuous extraction of a nonrenewable resource ⋮ Monopoly extraction of a nonrenewable resource facing capacity constrained renewable competition ⋮ How many cake-eaters? Chouette, on a du monde à dîner ! ⋮ Specialization and non-renewable resources: Ricardo meets Ricardo ⋮ A Hotelling model with a ceiling on the stock of pollution ⋮ Does productive capital affect the order of resource exploitation? ⋮ On nonrenewable resource oligopolies: the asymmetric case

Cites Work

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• Sufficient conditions in free final time optimal control problems. A comment
• On Two Folk Theorems Concerning the Extraction of Exhaustible Resources
• Sufficient Conditions for Extracting Least Cost Resource First
• Heterogeneous Demand and Order of Resource Extraction

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