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On the Optimal Order of Natural Resource Use When the Capacity of the Inexhaustible Substitute is Limited

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  • Amigues, J-P
  • Favard, P
  • Gaudet, G
  • Moreaux, M

Abstract

Consider a general equilibrium framework where the marginal cost of extraction from several deposits of an exhaustible resource is constant in terms of an inexhaustible perfect substitute and differs between deposits. the instantaneous rate of production form the inexhaustible resource is subject to a capacity constraint.

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File URL: http://hdl.handle.net/1866/2090
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Bibliographic Info

Paper provided by Universite de Montreal, Departement de sciences economiques in its series Cahiers de recherche with number 9628.

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Length: 16 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:mtl:montde:9628

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