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De l'usage optimal de divers types de ressources naturelles

Author

Listed:
  • Jean-Pierre Amigues
  • Pascal Favard
  • Gérard Gaudet
  • Michel Moreaux

Abstract

A partial equilibrium analysis shows that a pool of natural resources with constant unit costs of extraction has to be exploited in strict increasing cost order. Kemp and Long [1980] have shown that it is not necessarily the case in a general equilibrium framework. In a consumption-leisure trade-off model, we show that the optimal order of exploitation is never strict, and that for a set of model parameters, the resources exploitation paths may be inderteminate although the consumption-leisure paths are perfectly determinated.

Suggested Citation

  • Jean-Pierre Amigues & Pascal Favard & Gérard Gaudet & Michel Moreaux, 1997. "De l'usage optimal de divers types de ressources naturelles," Annals of Economics and Statistics, GENES, issue 48, pages 147-189.
    • Handle: RePEc:adr:anecst:y:1997:i:48:p:147-189
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    Cited by:

    1. Moreaux, Michel & Ricci, Francesco, 2005. "The simple analytics of developing resources from resources," Resource and Energy Economics, Elsevier, vol. 27(1), pages 41-63, January.

    More about this item

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • C19 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Other
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General

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