The Mutual Intertemporal Benefits from Depletable Resource Use

For the two-period case, the author offers a graphical proof of the proposition that the dynamically efficient allocation of a depletable, nonrenewable resource allows higher net benefits to users in both time periods than any other allocation. Unlike the pedagogical technique of numerical illustration used heretofore, the result is more general and does not require numerical specification of the modelâ€™s parameters.

MoreLess

Year of publication:	2002
Authors:	Wiseman, Clark
Published in:	Journal of Economic Education. - Helen Dwight Reid Foundation, ISSN 0022-0485. - Vol. 33.2002, 1, p. 69-72
Publisher:	Helen Dwight Reid Foundation
Subject:	depletable resources \| dynamic efficiency \| opportunity cost

More details

Extent:	application/pdf
Type of publication:	Article
Classification:	A22 - Undergraduate ; Q30 - Nonrenewable Resources and Conservation. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005243282