IDEAS home Printed from https://ideas.repec.org/a/sae/envira/v18y1986i5p677-686.html
   My bibliography  Save this article

On the Depletion of Exhaustible Resources in the Presence of Revised Estimates

Author

Listed:
  • S Stefani

    (Dipartimento di Matematica e Statistica, Universitá di Brescia, Brescia, Italy)

Abstract

The aim of this paper is to describe intertemporal optimal policies for a (competitive and monopolist) producer of an exhaustible resource. An important source of uncertainty is considered—that which relates to the actual size of the in-ground resource, because of revisions in estimates. Market uncertainty is also taken into account. Conditions for the expected evolution of the royalty price are given, generalizing results in the literature. Closed form solutions are also given for a particular case, showing clearly the impact of uncertainty on the optimal strategies.

Suggested Citation

  • S Stefani, 1986. "On the Depletion of Exhaustible Resources in the Presence of Revised Estimates," Environment and Planning A, , vol. 18(5), pages 677-686, May.
  • Handle: RePEc:sae:envira:v:18:y:1986:i:5:p:677-686
    DOI: 10.1068/a180677
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1068/a180677
    Download Restriction: no

    File URL: https://libkey.io/10.1068/a180677?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:envira:v:18:y:1986:i:5:p:677-686. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.