On Two Folk Theorems Concerning the Extraction of Exhaustible Resources

DOI10.2307/1913129zbMath0435.90041OpenAlexW1984499773MaRDI QIDQ3875673

Ngo Van Long, Murray C. Kemp

Publication date: 1980

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/1913129

zbMATH Keywords

general equilibriumoptimal resource extractionclosed economyRicardian techniques of extraction

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Related Items (8)

Equilibrium transitions from non-renewable energy to renewable energy under capacity constraints ⋮ How many cake-eaters? Chouette, on a du monde à dîner ! ⋮ Perfect equilibrium timing of a backstop technology. Limit pricing induced by trigger zones ⋮ Specialization and non-renewable resources: Ricardo meets Ricardo ⋮ On price taking behavior in a nonrenewable resource cartel-fringe game ⋮ When additional resource stocks reduce welfare ⋮ Does productive capital affect the order of resource exploitation? ⋮ On the optimal order of natural resource use when the capacity of the inexhaustible substitute is limited

This page was built for publication: On Two Folk Theorems Concerning the Extraction of Exhaustible Resources