Discontinuous extraction of a nonrenewable resource
AbstractThis paper examines the optimal extraction sequence 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.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 90 (2006)
Issue (Month): 1 (January)
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Web page: http://www.elsevier.com/locate/ecolet
Other versions of this item:
- Eric Iksoon Im & Ujjayant Chakravorty & James Roumasset, 2005. "Discontinuous Extraction of a Nonrenewable Resource," Working Papers 200509, University of Hawaii at Manoa, Department of Economics.
- Eric Iksoon Im & Ujjayant Chakravorty & James Roumasset, 2004. "Discontinuous Extraction of a Nonrenewable Resource," Emory Economics 0406, Department of Economics, Emory University (Atlanta).
- Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
- Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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