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The optimal extraction rate of a natural resource under uncertainty

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Publication:1319640
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DOI10.1016/0165-1765(93)90042-BzbMath0798.90016OpenAlexW2091464374MaRDI QIDQ1319640

Raúl Anibal Feliz

Publication date: 1 November 1994

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0165-1765(93)90042-b


zbMATH Keywords

uncertaintymonopolistnon-renewable natural resourceoptimal rate of depletion


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 (5)

Payoff distribution in a multi-company extraction game with uncertain duration ⋮ The extraction of natural resources from two sites under uncertainty ⋮ On a nonrenewable resource extraction game played by asymmetric firms ⋮ An optimal extraction problem with price impact ⋮ On an optimal extraction problem with regime switching




Cites Work

  • On the solution of a stochastic optimal growth model




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