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Existence of equilibria in exhaustible resource industries Nonconvexities and discrete vs. continuous time

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  • Lozada, Gabriel A.

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  • Lozada, Gabriel A., 1996. "Existence of equilibria in exhaustible resource industries Nonconvexities and discrete vs. continuous time," Journal of Economic Dynamics and Control, Elsevier, vol. 20(1-3), pages 433-444.
    • Handle: RePEc:eee:dyncon:v:20:y:1996:i:1-3:p:433-444
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    1. L. C. Gray, 1913. "The Economic Possibilities of Conservation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 27(3), pages 497-519.
    2. Stollery, Kenneth R., 1983. "Mineral depletion with cost as the extraction limit: A model applied to the behavior of prices in the nickel industry," Journal of Environmental Economics and Management, Elsevier, vol. 10(2), pages 151-165, June.
    3. Eswaran, Mukesh & Lewis, Tracy R & Heaps, Terry, 1983. "On the Nonexistence of Market Equilibria in Exhaustible Resource Markets with Decreasing Costs," Journal of Political Economy, University of Chicago Press, vol. 91(1), pages 154-167, February.
    4. Mumy, Gene E, 1984. "Competitive Equilibria in Exhaustible Resource Markets with Decreasing Costs: A Comment on Eswaran, Lewis, and Heaps's Demonstration of Nonexistence," Journal of Political Economy, University of Chicago Press, vol. 92(6), pages 1168-1174, December.
    5. Takayama,Akira, 1985. "Mathematical Economics," Cambridge Books, Cambridge University Press, number 9780521314985, Enero-Abr.
    6. Schulze, William D., 1974. "The optimal use of non-renewable resources: The theory of extraction," Journal of Environmental Economics and Management, Elsevier, vol. 1(1), pages 53-73, May.
    7. Farrow, Scott, 1985. "Testing the Efficiency of Extraction from a Stock Resource," Journal of Political Economy, University of Chicago Press, vol. 93(3), pages 452-487, June.
    8. Artstein, Zvi, 1980. "Generalized Solutions to Continuous-Time Allocation Processes," Econometrica, Econometric Society, vol. 48(4), pages 899-922, May.
    9. Bewley, Truman F., 1972. "Existence of equilibria in economies with infinitely many commodities," Journal of Economic Theory, Elsevier, vol. 4(3), pages 514-540, June.
    10. Lewis Cecil Gray, 1914. "Rent under the Assumption of Exhaustibility," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 28(3), pages 466-489.
    11. BEWLEY, Truman F., 1972. "Existence of equilibria in economies with infinitely many commodities," LIDAM Reprints CORE 122, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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    Cited by:

    1. Antoine Bommier & Lucas Bretschger & François Grand, 2017. "Existence of equilibria in exhaustible resource markets with economies of scale and inventories," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 63(3), pages 687-721, March.
    2. Robert Cairns, 2008. "Exhaustible Resources, Non-Convexity and Competitive Equilibrium," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 40(2), pages 177-193, June.
    3. Fischer, Carolyn, 1998. "Once-and-for-All Costs and Exhaustible Resource Markets," Discussion Papers 10623, Resources for the Future.
    4. Mason, Charles F., 2012. "On equilibrium in resource markets with scale economies and stochastic prices," Journal of Environmental Economics and Management, Elsevier, vol. 64(3), pages 288-300.
    5. Carolyn Fischer, 2005. "Competition in Markets for Depletable Resources with Setup Costs," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 30(3), pages 243-257, March.
    6. Holland, Stephen P., 2003. "Set-up costs and the existence of competitive equilibrium when extraction capacity is limited," Journal of Environmental Economics and Management, Elsevier, vol. 46(3), pages 539-556, November.

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