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Un Modelo de Equilibrio Dinámico para Recursos Agotables

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  • Felipe Montt
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    Abstract

    The paper presents dynamic equilibrium models for natural resources in a stochastic Framework. The basic model considers a competitive producer that maximizes the expected present value of profits from mining a exhaustible resource and computes the ration

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    Bibliographic Info

    Article provided by Instituto de Economía. Pontificia Universidad Católica de Chile. in its journal Cuadernos de Economía.

    Volume (Year): 19 (1982)
    Issue (Month): 57 ()
    Pages: 217-242

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    Handle: RePEc:ioe:cuadec:v:19:y:1982:i:57:p:217-242

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    1. Tullock, Gordon, 1979. "Monopoly and the Rate of Extraction of Exhaustible Resources: Note," American Economic Review, American Economic Association, vol. 69(1), pages 231-33, March.
    2. Peterson, Frederick M., 1978. "A model of mining and exploring for exhaustible resources," Journal of Environmental Economics and Management, Elsevier, vol. 5(3), pages 236-251, September.
    3. Deshmukh, Sudhakar D & Pliska, Stanley R, 1980. "Optimal Consumption and Exploration of Nonrenewable Resources under Uncertainty," Econometrica, Econometric Society, vol. 48(1), pages 177-200, January.
    4. 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.
    5. Hansen, Lars Peter & Sargent, Thomas J., 1980. "Formulating and estimating dynamic linear rational expectations models," Journal of Economic Dynamics and Control, Elsevier, vol. 2(1), pages 7-46, May.
    6. Lucas, Robert E, Jr, 1978. "Asset Prices in an Exchange Economy," Econometrica, Econometric Society, vol. 46(6), pages 1429-45, November.
    7. Lewis, Tracy R & Matthews, Steven A & Burness, H Stuart, 1979. "Monopoly and the Rate of Extraction of Exhaustible Resources: Note," American Economic Review, American Economic Association, vol. 69(1), pages 227-30, March.
    8. Stiglitz, Joseph E, 1976. "Monopoly and the Rate of Extraction of Exhaustible Resources," American Economic Review, American Economic Association, vol. 66(4), pages 655-61, September.
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