Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062722 | Economics Letters | 2006 | 6 Pages |
Abstract
This paper examines the sequence of optimal extraction of nonrenewable resources in the presence of multiple demands. We provide conditions under which extraction of a nonrenewable resource may be discontinuous over the course of its depletion.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Eric Iksoon Im, Ujjayant Chakravorty, James Roumasset,