Specialization and non-renewable resources: Ricardo meets Ricardo

DOI10.1016/J.JEDC.2004.08.009zbMath1198.91167OpenAlexW3124306815MaRDI QIDQ956448

Ujjayant Chakravorty, James Roumasset, Darrell L. Krulce

Publication date: 25 November 2008

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://www.economics.hawaii.edu/research/workingpapers/WP_04-1.pdf

zbMATH Keywords

dynamic modelscomparative advantageheterogeneous demandHotelling theoryenergy resources

Mathematics Subject Classification ID

Applications of optimal control and differential games (49N90) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Economic dynamics (91B55) Heterogeneous agent models (91B69)

Related Items (1)

Discontinuous extraction of a nonrenewable resource

Cites Work

• Unnamed Item
• Duality theory for dynamic optimization models of economics: The continuous time case
• On the optimal order of natural resource use when the capacity of the inexhaustible substitute is limited
• On the Differentiability of the Value Function in Dynamic Models of Economics
• On Two Folk Theorems Concerning the Extraction of Exhaustible Resources
• Sufficient Conditions for Extracting Least Cost Resource First
• Heterogeneous Demand and Order of Resource Extraction
• Convex Analysis

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