From a long-term perspective little is known about income inequality in Venezuela. This is regrettable as the country offers a unique opportunity to study distributional dynamics in an economy dominated by oil richness since the 1920s amid an accelerated process of structural change amid...

We design optimal mechanism to collect revenues from nonrenewable resource exploitation, when the resource must be explored and discovered and when there is asymmetric information. The exploration effort may result in a discovery that is revealed only to the firm, and the effort is not observed...

We characterize the time-consistent solution to the cartel-fringe model of exhaustible resource extraction when the cartel acts as a von Stackelberg leader and renewable substitutes exist. For this feedback von Stackelberg equilibrium (FBSE), we show for each combination of stocks which...

The aim of this article is to provide elements to answer the question of how and when the situation the situation of depletion of a non-renewable, non-durable resource would be reached. To this end, a nonlinear programming model is used under the assumption that the resource is in the hands of a...

Amid escalating climate risks and uneven decarbonization trajectories, understanding the distributional determinants of greenhouse gas (GHG) emissions is essential for guiding Asia toward equitable and sustainable development. Anchored in the Environmental Kuznets Curve framework and the...

This study looks at how recycling (RCY), natural resource rents (NRR), and uncertainty in climate policy (CPU) affect material sustainability in the United States, using the material footprint (MF) as the main measure. This research uses yearly data from 1990 to 2023 and applies quantile and...

As the world's fourth most populous country, Indonesia presents challenges and opportunities for sustainable energy progress, offering a critical context to investigate green human development (GHD). This study uniquely contributes to the literature by employing the planetary pressures-adjusted...

This study evaluates the competitiveness of renewable and dispatchable energy sources in Morocco by analyzing the levelized cost of electricity (LCOE) for various power generation technologies. The objective is to identify the most and least competitive technologies by comparing their average...

The global energy landscape is undergoing a major transformation, upending decades of economic thinking built around resource scarcity. Unlike fossil fuels – continuously extracted from finite, geographically fixed deposits – renewable energy revolves around manufacturing technology that...

This paper delves into a multi-player non-renewable resource extraction differential game model, where the duration of the game is a random variable with a composite distribution function. We first explore the conditions under which the cooperative solution also constitutes a Nash equilibrium,...

From a long-term perspective little is known about income inequality in Venezuela. This is regrettable as the country offers a unique opportunity to study distributional dynamics in an economy dominated by oil richness since the 1920s amid an accelerated process of structural change amid...

Carbon capture and storage (CCS) seems an appealing option to meet the ambitious objectives of the Paris Agreement. Captured CO2 emissions can also be injected in active fields to enhance recovery: Carbon capture and utilization (CCU). We study a dynamic model of CCS and CCU of an economy...

We consider single-machine scheduling with a non-renewable resource. In this setting, we are given a set of jobs, each characterized by a processing time, a weight, and a resource requirement. At fixed points in time, certain amounts of the resource are made available to be consumed by the jobs....

Based on the fiscal regime that prevailed in Argentina from 1988 to 2003, we estimate the effects that changes in intergovernmental transfers and hydrocarbon royalties had on provincial public consumption and debt. From a one-peso increase in intergovernmental transfers, all provinces spent 76...

Despite ambitious climate goals and already substantial stocks of developed fossil energy reserves, development of new fossil energy reserves continues to be high. This raises concerns, as it reinforces the fossil industry’s opportunities and incentives to continue extraction, and may...

We examine the profitability of cross-ownership in an oligopolistic industry where firms compete as Cournot rivals. We consider a symmetric cross-ownership structure in which a subset of k firms engage in cross-shareholding and each firm has an equal silent financial interest in the other firms,...

We translate Hotelling's continuous-time, exhaustible resource extraction Model of 1931 into a linear program of present value extraction cost minimization subject to a stock endowment and period by period demand constraints. The appropriate form of the demand constraints allows for resource...

The present work investigates the links between Ricardian and Sraffian economic analyses and the emerging themes of ecological macroeconomics, namely the impact of global warming and ecological or natural crises, the depletion of non-produced material resources, and the energy transition. The...

The NP-hard problem Material Consumption Scheduling and related problems have been thoroughly studied since the 1980's. Roughly speaking, the problem deals with scheduling jobs that consume non-renewable resources—each job has individual resource demands. The goal is to minimize the makespan....

Most individuals at one time or another purchase and trade in an automobile. The automobile dealer and the buyer typically discuss what the trade-in value of the old car is. Also, they may talk about what the trade-in value of the new car will be in several years. In both cases a decline in...