The Optimal Production of an Exhaustible Resource When Price Is Exogenous and Stochastic
From MaRDI portal
Publication:3917847
DOI10.2307/3439901zbMath0465.90009OpenAlexW3122913482MaRDI QIDQ3917847
Publication date: 1981
Published in: The Scandinavian Journal of Economics (Search for Journal in Brave)
Full work available at URL: http://hdl.handle.net/1721.1/1972
uncertaintyexhaustible resourceextraction costexogeneous stochastic priceoptimal resource production
Production theory, theory of the firm (91B38) Economic growth models (91B62) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)
Related Items (5)
The tree-cutting problem in a stochastic environment: The case of age- dependent growth ⋮ Dividends and leverage: how to optimally exploit a non-renewable investment ⋮ Environmental Stochasticity, Cournot Competition and the Prisoner’s Dilemma ⋮ On an optimal extraction problem with regime switching ⋮ Optimal harvesting with both population and price dynamics
This page was built for publication: The Optimal Production of an Exhaustible Resource When Price Is Exogenous and Stochastic
