Discontinuous extraction of a nonrenewable resource

DOI10.1016/J.ECONLET.2005.06.009zbMath1254.91550OpenAlexW3124746239MaRDI QIDQ1928717

Eric Iksoon Im, Ujjayant Chakravorty, James Roumasset

Publication date: 3 January 2013

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

Full work available at URL: http://www.economics.hawaii.edu/research/workingpapers/WP_05-9.pdf

zbMATH Keywords

dynamic optimizationenergy resourcesbackstop technologyherfindahl principlemultiple demands

Mathematics Subject Classification ID

Dynamic programming in optimal control and differential games (49L20) Economic growth models (91B62) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Cites Work

• Specialization and non-renewable resources: Ricardo meets Ricardo
• On the optimal order of natural resource use when the capacity of the inexhaustible substitute is limited
• Sufficient Conditions for Extracting Least Cost Resource First
• Heterogeneous Demand and Order of Resource Extraction

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