Solving the Hotelling Model in Feedback Form
AbstractWe give a characterization, in feedback form, of the optimal extraction path of an exhaustible resource, which holds for a large class of models.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Groupe de Recherche en Economie Théorique et Appliquée in its series Cahiers du GREThA with number 2011-19.
Date of creation: 2011
Date of revision:
Contact details of provider:
Postal: Avenue Léon Duguit, 33608 Pessac Cedex
Phone: +33 (0)184.108.40.206.75
Fax: +33 (0)220.127.116.11.47
Web page: http://gretha.u-bordeaux4.fr/
More information through EDIRC
Hotelling rule; exhaustible resource; dynamic programming;
Find related papers by JEL classification:
- Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-06-18 (All new papers)
- NEP-DGE-2011-06-18 (Dynamic General Equilibrium)
- NEP-ENV-2011-06-18 (Environmental Economics)
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.:
- 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.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Vincent Frigant).
If references are entirely missing, you can add them using this form.