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Optimal Exploration for and Exploitation of Heterogeneous Mineral Deposits

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  • Cairns, Robert D.
  • Van Quyen, Nguyen

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Environmental Economics and Management.

Volume (Year): 35 (1998)
Issue (Month): 2 (March)
Pages: 164-189

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Handle: RePEc:eee:jeeman:v:35:y:1998:i:2:p:164-189

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Web page: http://www.elsevier.com/locate/inca/622870

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References

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  1. Trocki, Linda K., 1990. "The role of exploration in iron and copper supply," Resources and Energy, Elsevier, Elsevier, vol. 12(4), pages 321-338, December.
  2. Norgaard, Richard B., 1990. "Economic indicators of resource scarcity: A critical essay," Journal of Environmental Economics and Management, Elsevier, Elsevier, vol. 19(1), pages 19-25, July.
  3. M. L. Weitzman, 1975. "The Optimal Development of Resource Pools," Working papers, Massachusetts Institute of Technology (MIT), Department of Economics 147, Massachusetts Institute of Technology (MIT), Department of Economics.
  4. Arrow, Kenneth J. & Chang, Sheldon, 1982. "Optimal pricing, use, and exploration of uncertain natural resource stocks," Journal of Environmental Economics and Management, Elsevier, Elsevier, vol. 9(1), pages 1-10, March.
  5. John M. Hartwick, 1990. "Natural Resources, National Accounting and Economic Depreciation," Working Papers, Queen's University, Department of Economics 771, Queen's University, Department of Economics.
  6. Swierzbinski, Joseph E & Mendelsohn, Robert, 1989. "Exploration and Exhaustible Resources: The Microfoundations of Aggregate Models," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 30(1), pages 175-86, February.
  7. Hartwick, John M., 1991. "The non-renewable resource exploring-extracting firm and the r% rule," Resources and Energy, Elsevier, Elsevier, vol. 13(2), pages 129-143, June.
  8. Pindyck, Robert S, 1980. "Uncertainty and Exhaustible Resource Markets," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 88(6), pages 1203-25, December.
  9. Livernois, John R & Uhler, Russell S, 1987. "Extraction Costs and the Economics of Nonrenewable Resources," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 95(1), pages 195-203, February.
  10. Jeffrey A. Krautkraemer, 1988. "The Cut-Off Grade and the Theory of Extraction," Canadian Journal of Economics, Canadian Economics Association, Canadian Economics Association, vol. 21(1), pages 146-60, February.
  11. Adelman, M A, 1990. "Mineral Depletion, with Special Reference to Petroleum," The Review of Economics and Statistics, MIT Press, MIT Press, vol. 72(1), pages 1-10, February.
  12. Quyen, N V, 1991. "Exhaustible Resources: A Theory of Exploration," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 58(4), pages 777-89, July.
  13. Cairns, Robert D., 1986. "A model of exhaustible resource exploitation with ricardian rent," Journal of Environmental Economics and Management, Elsevier, Elsevier, vol. 13(4), pages 313-324, December.
  14. Solow, Robert M, 1974. "The Economics of Resources or the Resources of Economics," American Economic Review, American Economic Association, American Economic Association, vol. 64(2), pages 1-14, May.
  15. Devarajan, Shantayanan & Fisher, Anthony C, 1982. "Exploration and Scarcity," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 90(6), pages 1279-90, December.
  16. David Levhari & Nissan Liviatan, 1977. "Notes on Hotelling's Economics of Exhaustible Resources," Canadian Journal of Economics, Canadian Economics Association, Canadian Economics Association, vol. 10(2), pages 177-92, May.
  17. M. L. Weitzman, 1974. "On the Welfare Significance of National Product in Dynamic Economy," Working papers, Massachusetts Institute of Technology (MIT), Department of Economics 125, Massachusetts Institute of Technology (MIT), Department of Economics.
  18. Peterson, Frederick M., 1978. "A model of mining and exploring for exhaustible resources," Journal of Environmental Economics and Management, Elsevier, Elsevier, vol. 5(3), pages 236-251, September.
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Citations

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Cited by:
  1. Jakobsson, Kristofer & Söderbergh, Bengt & Snowden, Simon & Li, Chuan-Zhong & Aleklett, Kjell, 2012. "Oil exploration and perceptions of scarcity: The fallacy of early success," Energy Economics, Elsevier, Elsevier, vol. 34(4), pages 1226-1233.
  2. Cairns, Robert D., 2004. "Principles of green accounting for renewable and nonrenewable energy resources," Energy Policy, Elsevier, Elsevier, vol. 32(2), pages 261-267, January.
  3. Kirk Hamilton & Giles Atkinson, 2013. "Resource Discoveries, Learning and National Income Accounting," Grantham Research Institute on Climate Change and the Environment Working Papers, Grantham Research Institute on Climate Change and the Environment 117, Grantham Research Institute on Climate Change and the Environment.
  4. Hart, Rob, 2012. "The economics of natural resources: Understanding and predicting the evolution of supply and demand," Working Paper Series, Department Economics, Swedish University of Agricultural Sciences 2012:01, Department Economics, Swedish University of Agricultural Sciences.
  5. Luca Lambertini, 2014. "Exploration For Nonrenewable Resources In A Dynamic Oligopoly: An Arrovian Result," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., World Scientific Publishing Co. Pte. Ltd., vol. 16(02), pages 1440011-1-1.
  6. Cairns, Robert D., 2014. "The green paradox of the economics of exhaustible resources," Energy Policy, Elsevier, Elsevier, vol. 65(C), pages 78-85.
  7. Robert Cairns, 2001. "Capacity Choice and the Theory of the Mine," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 18(1), pages 129-148, January.
  8. Jeffrey A. Krautkraemer, 1998. "Nonrenewable Resource Scarcity," Journal of Economic Literature, American Economic Association, American Economic Association, vol. 36(4), pages 2065-2107, December.
  9. Khazabi, Massoud & Quyen, Nguyen, 2010. "The Search for New Drugs: A Theory of R&D in the Pharmaceutical Industry," MPRA Paper 39462, University Library of Munich, Germany.
  10. Nyambuu, Unurjargal & Semmler, Willi, 2014. "Trends in the extraction of non-renewable resources: The case of fossil energy," Economic Modelling, Elsevier, Elsevier, vol. 37(C), pages 271-279.
  11. Hamilton, Kirk & Atkinson, Giles, 2013. "Resource discoveries, learning, and national income accounting," Policy Research Working Paper Series, The World Bank 6505, The World Bank.
  12. Elin Berg & Snorre Kverndokk & Knut Einar Rosendahl, 1999. "Optimal Oil Exploration under Climate Treaties," Discussion Papers, Research Department of Statistics Norway 245, Research Department of Statistics Norway.

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