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Natural Energy Resource Decisions and Prices Involving Incertainty

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  • Sudhakar D. Deshmukh
  • Stanley R. Pliska
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    File URL: http://www.kellogg.northwestern.edu/research/math/papers/499.pdf
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    Paper provided by Northwestern University, Center for Mathematical Studies in Economics and Management Science in its series Discussion Papers with number 499.

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    Date of creation: Oct 1981
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    Handle: RePEc:nwu:cmsems:499

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    Web page: http://www.kellogg.northwestern.edu/research/math/
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    1. 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.
    2. Pindyck, Robert S, 1980. "Uncertainty and Exhaustible Resource Markets," Journal of Political Economy, University of Chicago Press, vol. 88(6), pages 1203-25, December.
    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. Cropper, M. L., 1976. "Regulating activities with catastrophic environmental effects," Journal of Environmental Economics and Management, Elsevier, vol. 3(1), pages 1-15, June.
    5. 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.
    6. Sudhakar D. Deshmukh & Stanley R. Pliska, 1981. "Optimal Consumption of A Nonrenewable Resource with Stochastic Discoveries and a Random Environment," Discussion Papers 500, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    7. Long, Ngo Van, 1975. "Resource extraction under the uncertainty about possible nationalization," Journal of Economic Theory, Elsevier, vol. 10(1), pages 42-53, February.
    8. J. MacQueen, 1964. "A Problem in Making Resources Last," Management Science, INFORMS, vol. 11(2), pages 341-347, November.
    9. Gilbert, Richard J, 1979. "Optimal Depletion of an Uncertain Stock," Review of Economic Studies, Wiley Blackwell, vol. 46(1), pages 47-57, January.
    10. Heal, Geoffrey M., 1993. "The optimal use of exhaustible resources," Handbook of Natural Resource and Energy Economics, in: A. V. Kneeseā€  & J. L. Sweeney (ed.), Handbook of Natural Resource and Energy Economics, edition 1, volume 3, chapter 18, pages 855-880 Elsevier.
    11. Kamien, Morton I & Schwartz, Nancy L, 1978. "Optimal Exhaustible Resource Depletion with Endogenous Technical Change," Review of Economic Studies, Wiley Blackwell, vol. 45(1), pages 179-96, February.
    12. Dasgupta, Partha & Stiglitz, Joseph, 1981. "Resource Depletion under Technological Uncertainty," Econometrica, Econometric Society, vol. 49(1), pages 85-104, January.
    13. Solow, Robert M, 1974. "The Economics of Resources or the Resources of Economics," American Economic Review, American Economic Association, vol. 64(2), pages 1-14, May.
    14. Arrow, Kenneth J. & Chang, Sheldon, 1982. "Optimal pricing, use, and exploration of uncertain natural resource stocks," Journal of Environmental Economics and Management, Elsevier, vol. 9(1), pages 1-10, March.
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