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Non-renewable Resource Extraction with Extraction and Exploration Technologies

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  • Eiji Sawada

    (Keio Advanced Research Centers, Keio University)

  • Shunsuke Managi

    (Graduate School of Environmental Studies, Tohoku University)

Abstract

This paper provides a new non-renewable resource extraction model with both extraction and exploration technologies. We show how these technological changes affect efficient non-renewable resource extraction differently. Policy-makers therefore need to carefully choose the type of technology by considering their properties.

Suggested Citation

  • Eiji Sawada & Shunsuke Managi, 2013. "Non-renewable Resource Extraction with Extraction and Exploration Technologies," Keio/Kyoto Joint Global COE Discussion Paper Series 2012-048, Keio/Kyoto Joint Global COE Program.
    • Handle: RePEc:kei:dpaper:2012-048
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    File URL: http://ies.keio.ac.jp/old_project/old/gcoe-econbus/pdf/dp/DP2012-048.pdf
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    References listed on IDEAS

    as
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