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How to eat a cake of unknown size: A reconsideration

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  • Kumar, Ramesh C.

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File URL: http://www.sciencedirect.com/science/article/B6WJ6-4FX109N-1/2/c0719ae0c2a45d515f15bfd9abca4a48
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Bibliographic Info

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

Volume (Year): 50 (2005)
Issue (Month): 2 (September)
Pages: 408-421

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Handle: RePEc:eee:jeeman:v:50:y:2005:i:2:p:408-421

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

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References

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  1. Pindyck, Robert S, 1981. " The Optimal Production of an Exhaustible Resource When Price is Exogenous and Stochastic," Scandinavian Journal of Economics, Wiley Blackwell, vol. 83(2), pages 277-88.
  2. Glenn C. Loury, 1977. "The Optimal Exploitation of an Unknown Reserve," Discussion Papers 255, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  3. Tjalling C. Koopmans, 1973. "Some Observations on 'Optimal' Economic Growth and Exhaustible Resources," Cowles Foundation Discussion Papers 356, Cowles Foundation for Research in Economics, Yale University.
  4. Ramesh C. Kumar, 2002. "How long to eat a cake of unknown size? Optimal time horizon under uncertainty," Canadian Journal of Economics, Canadian Economics Association, vol. 35(4), pages 843-853, November.
  5. Hoel, Michael, 1978. "Resource Extraction when a Future Substitute Has an Uncertain Cost," Review of Economic Studies, Wiley Blackwell, vol. 45(3), pages 637-44, October.
  6. Kiefer, Nicholas M, 1988. "Economic Duration Data and Hazard Functions," Journal of Economic Literature, American Economic Association, vol. 26(2), pages 646-79, June.
  7. Vousden, Neil, 1973. "Basic theoretical issues of resource depletion," Journal of Economic Theory, Elsevier, vol. 6(2), pages 126-143, April.
  8. Gilbert, Richard J, 1979. "Optimal Depletion of an Uncertain Stock," Review of Economic Studies, Wiley Blackwell, vol. 46(1), pages 47-57, January.
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Cited by:
  1. Frederick Van der Ploeg, 2010. "Aggressive Oil Extraction and Precautionary Saving: Coping with Volatility," CESifo Working Paper Series 3038, CESifo Group Munich.
  2. Murray C. Kemp & Ngo Van Long, 2009. "Extracting Resource Deposits of Unknown Size: Optimal Order," German Economic Review, Verein für Socialpolitik, vol. 10, pages 401-421, November.
  3. Murray C. Kemp & Ngo Van Long, 2007. "Extracting Several Resource Deposits of Unknown Size: Optimal Order," CIRANO Working Papers 2007s-10, CIRANO.

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