کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5054549 | 1476531 | 2014 | 9 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Trends in the extraction of non-renewable resources: The case of fossil energy
ترجمه فارسی عنوان
روند استخراج منابع غیر قابل تجدید: مورد استفاده از انرژی های فسیلی
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
چکیده انگلیسی
This paper considers a strategy for the extraction and production of non-renewable resources that are finite in quantity. Specifically, we illustrate empirical data on reserves, production, consumption, and price evolution for fossil fuel. Our model is an intertemporal model of a short decision time horizon with a monopolistic resource producer extracting non-renewable resources. The model is solved numerically using a finite horizon solution method called Nonlinear Model Predictive Control (NMPC), which approximates well models with a longer decision time horizon. Consistent with the results of recent empirical studies, our numerical solution method shows a U-shaped path for the price and an inverted U-shaped path for the extraction rate, in the case of modest initial stock of proved reserves.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economic Modelling - Volume 37, February 2014, Pages 271-279
Journal: Economic Modelling - Volume 37, February 2014, Pages 271-279
نویسندگان
Unurjargal Nyambuu, Willi Semmler,