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Optimal Exhaustible Resource Depletion with Endogenous Technical Change

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Publication:4162911
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DOI10.2307/2297093zbMath0383.90029OpenAlexW2246882777MaRDI QIDQ4162911

Nancy L. Schwartz, Morton I. Kamien

Publication date: 1978

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: http://www.kellogg.northwestern.edu/research/math/papers/213.pdf



Mathematics Subject Classification ID

Economic growth models (91B62) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)


Related Items (8)

Optimal pollution control, irreversibilities, and the value of future information ⋮ Technology ladders and R\&D in dynamic Cournot markets ⋮ What can catastrophic events tell us about sustainability? ⋮ Deterministic asymmetric-cost differential games for energy production with production bounds ⋮ Resource prices and planning horizons ⋮ On R\&D timing under uncertainty. The case of exhaustible resource substitution ⋮ Optimal transition to backstop substitutes for nonrenewable resources ⋮ A martingale characterization of the price of a nonrenewable resource with decisions involving uncertainty







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