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A Martingale Characterization of the Price of a Nonrenewable Resource with Decisions Involving Uncertainty

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Sudhakar D. Deshmukh
Stanley R. Pliskaf
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File URL: http://www.kellogg.northwestern.edu/research/math/papers/565.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 565.

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Date of creation: Jul 1983
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Handle: RePEc:nwu:cmsems:565

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  1. 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. [Downloadable!]
    Other versions:
  2. Deshmukh, Sudhakar D & Pliska, Stanley R, 1983. "Optimal Consumption of a Nonrenewable Resource with Stochastic Discoveries and a Random Environment," Review of Economic Studies, Blackwell Publishing, vol. 50(3), pages 543-54, July. [Downloadable!] (restricted)
  3. Pindyck, Robert S, 1980. "Uncertainty and Exhaustible Resource Markets," Journal of Political Economy, University of Chicago Press, vol. 88(6), pages 1203-25, December. [Downloadable!] (restricted)
  4. Long, Ngo Van, 1975. "Resource extraction under the uncertainty about possible nationalization," Journal of Economic Theory, Elsevier, vol. 10(1), pages 42-53, February. [Downloadable!] (restricted)
  5. Devarajan, Shantayanan & Fisher, Anthony C, 1981. "Hotelling's "Economics of Exhaustible Resources": Fifty Years Later," Journal of Economic Literature, American Economic Association, vol. 19(1), pages 65-73, March. [Downloadable!] (restricted)
  6. Gilbert, Richard J, 1979. "Optimal Depletion of an Uncertain Stock," Review of Economic Studies, Blackwell Publishing, vol. 46(1), pages 47-57, January. [Downloadable!] (restricted)
  7. 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. [Downloadable!] (restricted)
  8. 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.
  9. Kamien, Morton I & Schwartz, Nancy L, 1978. "Optimal Exhaustible Resource Depletion with Endogenous Technical Change," Review of Economic Studies, Blackwell Publishing, vol. 45(1), pages 179-96, February. [Downloadable!] (restricted)
  10. Stanley R. Pliska, 1982. "Duality Theory for Some Stochastic Control Models," Discussion Papers 530, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
  11. Cropper, M. L., 1976. "Regulating activities with catastrophic environmental effects," Journal of Environmental Economics and Management, Elsevier, vol. 3(1), pages 1-15, June. [Downloadable!] (restricted)
  12. Dasgupta, Partha & Stiglitz, Joseph, 1981. "Resource Depletion under Technological Uncertainty," Econometrica, Econometric Society, vol. 49(1), pages 85-104, January. [Downloadable!] (restricted)
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