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On the Optimal Order of Natural Resource Use When the Capacity of the Inexhaustible Substitute is Limited

  • Amigues, J-P
  • Favard, P
  • Gaudet, G
  • Moreaux, M

Consider a general equilibrium framework where the marginal cost of extraction from several deposits of an exhaustible resource is constant in terms of an inexhaustible perfect substitute and differs between deposits. the instantaneous rate of production form the inexhaustible resource is subject to a capacity constraint.

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File URL: http://hdl.handle.net/1866/2090
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Paper provided by Universite de Montreal, Departement de sciences economiques in its series Cahiers de recherche with number 9628.

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Length: 16 pages
Date of creation: 1996
Handle: RePEc:mtl:montde:9628
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  20. Jean Mercenier & Philippe Michel, 1995. "Temporal aggregation in a multi-sector economy with endogenous growth," Working Papers 554, Federal Reserve Bank of Minneapolis.
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  25. Georges Dionne & Claude Fluet, 1995. "Incentives in Multi-Period Regulation and Procurement: A Graphical Analysis," Cahiers de recherche du Département des sciences économiques, UQAM 9511, Université du Québec à Montréal, Département des sciences économiques.
  26. Dionne, G. & Aris, M. & Guillen, M., 1995. "On the Repayment of Personal Loans Under Asymmetrical Information: a Count Data Model Approach," Cahiers de recherche 9528, Universite de Montreal, Departement de sciences economiques.
  27. Nicole M. Fortin & Thomas Lemieux, 1998. "Rank Regressions, Wage Distributions, and the Gender Gap," Journal of Human Resources, University of Wisconsin Press, vol. 33(3), pages 610-643.
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  30. Blum, U. & Dudley, L., 1996. "The Rise and Decline of the East German Economy, 1949-1989," Cahiers de recherche 9616, Universite de Montreal, Departement de sciences economiques.
  31. Yves Sprumont, 1998. "On the Game-Theoretic Structure of Public-Good Economies," International Journal of Game Theory, Springer;Game Theory Society, vol. 26(4), pages 455-472.
  32. DIONNE, Georges & GOLLIER, Christian, 1995. "A Model of Comparative Statics for Changes in Stochastic Returns with Dependent Risky Assets," Cahiers de recherche 9560, Universite de Montreal, Departement de sciences economiques.
  33. Yves Sprumont, 1998. "Equal factor equivalence in economies with multiple public goods," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 15(4), pages 543-558.
  34. David Margolis, 1995. "High Wage Workers and High Wage Firms," Post-Print halshs-00378229, HAL.
  35. René Garcia & Eric Ghysels & Maral Kichian, 1995. "On the Dynamic Specification of International Asset Pricing Models," CIRANO Working Papers 95s-39, CIRANO.
  36. Dudley, Leonard, 1999. "Communications and economic growth," European Economic Review, Elsevier, vol. 43(3), pages 595-619, March.
  37. BOYER, Marcel & MOREAUX, Michel & MAHENC, Philippe, 1995. "Entry Blockading Locations," Cahiers de recherche 9555, Universite de Montreal, Departement de sciences economiques.
  38. Sprumont, Y., 1996. "Ordinal Cost Sharing," Cahiers de recherche 9624, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
  39. Seierstad, Atle, 1984. "Sufficient conditions in free final time optimal control problems. A comment," Journal of Economic Theory, Elsevier, vol. 32(2), pages 367-370, April.
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  42. Margolis, D..N., 1995. "Firm Heterogeneity and Worker Self-Selection Bias Estimated Returns to Seniority," Cahiers de recherche 9502, Universite de Montreal, Departement de sciences economiques.
  43. Marcel Boyer & Michel Moreaux, 1995. "Capacity Commitment Versus Flexibility: The Technological Choice Nexus in a Strategic Context," CIRANO Working Papers 95s-35, CIRANO.
  44. Kollmann, R., 1995. "Mark Up Fluctuations in U.S. Manufacturing and Trade: New Empirical Evidence Based on a Model of Optimal Storage," Cahiers de recherche 9526, Universite de Montreal, Departement de sciences economiques.
  45. Perron, P. & Bai, J., 1995. "Estimating and Testing Linear Models with Multiple Structural Changes," Cahiers de recherche 9552, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
  46. Arcand, Jean-Louis, 1996. "Land-Ownership, Working Capital and Agricultural Output: Egypt 1913-58," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 5(1), pages 92-158, March.
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