Capital investments and resource extraction from non-identical deposits
type: Item
instance of: scholarly article
title: Capital investments and resource extraction from non-identical deposits
zbMATH Open document ID: 0669.90032
DOI: 10.1016/0095-0696(89)90027-2
author: Trond E. Olsen
published in: Journal of Environmental Economics and Management
publication date: 1989-01-01T00:00:00Z
review text: Taking account of necessary investments in physical capital, we characterize the optimal investment and extraction program for exploiting several non-identical deposits of an exhaustible resource. Under the given technology assumptions, capital investments will be concentrated up front if deposits are identical. In the case of non-identical deposits, it may be optimal to have investments spread out over time. Moreove, the smallest deposit is depleted first.
Mathematics Subject Classification ID: 91B76
Mathematics Subject Classification ID: 91B62
zbMATH DE Number: 4097093
zbMATH Keywords: environmental economics
zbMATH Keywords: resource extraction
zbMATH Keywords: optimal investment and extraction program
zbMATH Keywords: non-identical deposits
zbMATH Keywords: exhaustible resource
MaRDI profile type: Publication
full work available at URL: 0095-0696(89)90027-2
OpenAlex ID: W2021441170
Recommended article: Strategic resource extraction, capital accumulation and overlapping generations
Recommended article: Resource extraction and market structure
Recommended article: Heterogeneous Demand and Order of Resource Extraction
Recommended article: Optimal investment in heterogeneous capital and technology under restricted natural resource
Recommended article: Q3809556
Recommended article: Resource Extraction Costs and Competitive Steady-State Growth
Recommended article: NONRENEWABLE ENERGY RESOURCES AS INPUT FOR PHYSICAL CAPITAL ACCUMULATION: A NEW APPROACH
Recommended article: Depreciation rules and value invariance with extractive firms
Recommended article: Q4714585
description: scientific article; zbMATH DE number 4097093