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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.author-name: 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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Bibliographic Info

Paper provided by Centre interuniversitaire de recherche en économie quantitative, CIREQ 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:montec:9628

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Keywords: NATURAL RESOURCES; GENERAL EQUILIBRIUM; EXPLOITABILITY;

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References

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  36. Dionne, G. & Fluet, C., 1995. "Incentives in Multi-Period Regulation and Procurement : A Graphical Analysis," Cahiers de recherche 9533, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
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