Discontinuous Extraction of a Nonrenewable Resource

This paper examines the sequence of optimal extraction of nonrenewable resources in the presence of multiple demands. We provide conditions under which extraction of a nonrenewable resource may be discontinuous over the course of its depletion.

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Year of publication:	2005
Authors:	Im, Eric Iksoon ; Chakravorty, Ujjayant ; Roumasset, James
Institutions:	Department of Economics, University of Hawaii-Manoa
Subject:	backstop technology \| dynamic optimization \| energy resources \| Herfindahl principle \| multiple demands

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 200509 11 pages
Classification:	Q3 - Nonrenewable Resources and Conservation ; Q4 - Energy
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005704431